Old National Bancorp (FRA:ON1) Long-Term Capital Lease Obligation : €18 Mil (As of Mar. 2024)

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What is Old National Bancorp Long-Term Capital Lease Obligation?

Old National Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €18 Mil.

Old National Bancorp's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€208 Mil) to Dec. 2023 (€19 Mil) and declined from Dec. 2023 (€19 Mil) to Mar. 2024 (€18 Mil).

Old National Bancorp's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€83 Mil) to Dec. 2022 (€13 Mil) but then increased from Dec. 2022 (€13 Mil) to Dec. 2023 (€19 Mil).

Old National Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Old National Bancorp'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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Old National Bancorp Long-Term Capital Lease Obligation Chart

Old National Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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96.22

80.89

82.72

12.72

19.22

Old National Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															212.24	210.01	207.58	19.22	18.50

Old National Bancorp (FRA:ON1) 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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Old National Bancorp (FRA:ON1) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Old National Bancorp (FRA:ON1) » Definitions » Long-Term Capital Lease Obligation

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ONBPP.PFD:USA ONB:USA

Address

One Main Street, Evansville, IN, USA, 47708

Website

https://www.oldnational.com

Old National Bancorp with almost $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company headquartered in Indiana. Based in Evansville, Ind., Old National owns multiple financial services operations in Indiana, Illinois, and Kentucky. The company provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and brokerage, trust, and investment advisory services.

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