North Dallas Bank & Trust Co (North Dallas Bank & Trust Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2006)

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What is North Dallas Bank & Trust Co Long-Term Capital Lease Obligation?

North Dallas Bank & Trust Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2006 was $0.00 Mil.

North Dallas Bank & Trust Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for North Dallas Bank & Trust Co'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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North Dallas Bank & Trust Co Long-Term Capital Lease Obligation Chart

North Dallas Bank & Trust Co Annual Data

Trend

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Long-Term Capital Lease Obligation

North Dallas Bank & Trust Co Semi-Annual Data
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North Dallas Bank & Trust Co (OTCPK:NODB) 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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North Dallas Bank & Trust Co (North Dallas Bank & Trust Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » North Dallas Bank & Trust Co (OTCPK:NODB) » Definitions » Long-Term Capital Lease Obligation

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Address

12900 Preston Road, Dallas, TX, USA, 75230-1329

Website

https://www.ndbt.com

North Dallas Bank & Trust Co operates in the banking industry. The bank performs general banking functions like the savings account, granting loans, debit and credit card facility, mortgage loans, online banking, investment management, retirement services, and financial planning.