BanColombia (BanColombia) Long-Term Capital Lease Obligation : $443 Mil (As of Dec. 2023)

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What is BanColombia Long-Term Capital Lease Obligation?

BanColombia's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $443 Mil.

BanColombia's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($393 Mil) to Sep. 2023 ($421 Mil) and increased from Sep. 2023 ($421 Mil) to Dec. 2023 ($443 Mil).

BanColombia's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($462 Mil) to Dec. 2022 ($398 Mil) but then increased from Dec. 2022 ($398 Mil) to Dec. 2023 ($443 Mil).

BanColombia Long-Term Capital Lease Obligation Historical Data

The historical data trend for BanColombia'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.

* Premium members only.

BanColombia Long-Term Capital Lease Obligation Chart

BanColombia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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521.69

510.21

461.55

398.43

442.81

BanColombia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															398.43	387.54	392.82	421.05	442.81

BanColombia (NYSE:CIB) 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.

BanColombia Long-Term Capital Lease Obligation Related Terms

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BanColombia (BanColombia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BanColombia SA (NYSE:CIB) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

BXK:Germany PFBCOLOM:Columbia BCOLOMBIA:Columbia

Address

Avenida Los Industriales, Carrera 48 No. 26-85, Medellin, COL

Website

https://www.grupobancolombia.com

BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Panama, Costa Rica, El Salvador, the United States of America, Puerto Rico, Bermuda, and Guatemala.