NMB Finl (NMB Finl) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is NMB Finl Long-Term Capital Lease Obligation?

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

NMB Finl Long-Term Capital Lease Obligation Historical Data

The historical data trend for NMB Finl'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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NMB Finl Long-Term Capital Lease Obligation Chart

NMB Finl Annual Data

Trend

Long-Term Capital Lease Obligation

NMB Finl Semi-Annual Data

Long-Term Capital Lease Obligation

NMB Finl (OTCPK:NMBF) 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.

NMB Finl Long-Term Capital Lease Obligation Related Terms

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NMB Finl (NMB Finl) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NMB Finl Corp (OTCPK:NMBF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

222 Bridge Plaza South, Suite 400, Fort Lee, NJ, USA, 07024

Website

https://www.nmbonline.com

NMB Finl Corp is a bank holding company of New Millennium Bank. The bank generates commercial, mortgage, and consumer loans and receives deposits from customers at its New Brunswick and Somerset New Jersey locations. In addition, it also offers various other online banking services.

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