Security Bank (Security Bank) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Security Bank Long-Term Capital Lease Obligation?

Security Bank's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.

Security Bank Long-Term Capital Lease Obligation Historical Data

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

Security Bank Annual Data

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Long-Term Capital Lease Obligation

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Security Bank Quarterly Data
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Security Bank (OTCPK:SYBJF) 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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Security Bank (Security Bank) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security Bank Corp (OTCPK:SYBJF) » Definitions » Long-Term Capital Lease Obligation

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SECB:Philippines

Address

6776 Ayala Avenue, Security Bank Centre, Makati, PHL, 0719

Website

https://www.securitybank.com

Security Bank Corp is a company that is principally engaged in banking. It operates in four segments; Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services, Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services, Retail Banking Segment addresses individual, retail, and small businesses. It covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance, and All Other Segments include other support services.

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