Washington Business Bank (Washington Business Bank) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Washington Business Bank Long-Term Capital Lease Obligation?

Washington Business Bank's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Washington Business Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Washington Business Bank's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Washington Business Bank Long-Term Capital Lease Obligation Chart

Washington Business Bank Annual Data

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Long-Term Capital Lease Obligation

Washington Business Bank Semi-Annual Data

Long-Term Capital Lease Obligation

Washington Business Bank (OTCPK:WBZB) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Washington Business Bank (Washington Business Bank) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Washington Business Bank (OTCPK:WBZB) » Definitions » Long-Term Capital Lease Obligation

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Address

223 5th Avenue SE, Olympia, WA, USA, 98501

Website

https://www.wabizbank.com

Washington Business Bank is a state-chartered bank that provides loan and deposit services to customers who are predominately small and midsized businesses and middle-income individuals in western Washington. The company's operations include commercial banking services, such as lending activities, deposit products, and other cash management services.

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