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Bank of Queensland (Bank of Queensland) Long-Term Capital Lease Obligation : $0 Mil (As of Feb. 2024)


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What is Bank of Queensland Long-Term Capital Lease Obligation?

Bank of Queensland's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0 Mil.


Bank of Queensland Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of Queensland'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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Bank of Queensland Long-Term Capital Lease Obligation Chart

Bank of Queensland Annual Data
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Long-Term Capital Lease Obligation
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Bank of Queensland Semi-Annual Data
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Bank of Queensland  (OTCPK:BKQNY) 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.

Bank of Queensland Long-Term Capital Lease Obligation Related Terms

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Bank of Queensland (Bank of Queensland) Business Description

Industry
Address
100 Skyring Terrace, Level 6, Newstead, QLD, AUS, 4006
Bank of Queensland, or BOQ, is an Australia-based bank offering home loans, personal finance, and commercial loans. BOQ operates both owner-managed and corporate branches, and is the owner of Virgin Money Australia and Me Bank. Its BOQ business includes the BOQ branded commercial lending activity, BOQ Finance and BOQ Specialist businesses. The division provides tailored business banking solutions including commercial lending, equipment finance and leasing, cash flow finance, foreign exchange, interest rate hedging, transaction banking, and deposit solutions for commercial customers.

Bank of Queensland (Bank of Queensland) Headlines

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