Nedbank Group (Nedbank Group) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Nedbank Group Long-Term Capital Lease Obligation?

Nedbank Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Nedbank Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nedbank Group'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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Nedbank Group Long-Term Capital Lease Obligation Chart

Nedbank Group Annual Data

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Long-Term Capital Lease Obligation

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Nedbank Group Semi-Annual Data
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Nedbank Group (OTCPK:NDBKY) 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.

Nedbank Group Long-Term Capital Lease Obligation Related Terms

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Nedbank Group (Nedbank Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (OTCPK:NDBKY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NED:South Africa NDBKF:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.