Bank Of China (Bank Of China) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Bank Of China Long-Term Capital Lease Obligation?

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

Bank Of China Long-Term Capital Lease Obligation Historical Data

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

Bank Of China Annual Data

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Long-Term Capital Lease Obligation

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Bank Of China Quarterly Data
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Bank Of China (OTCPK:BACHY) 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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Bank Of China (Bank Of China) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of China Ltd (OTCPK:BACHY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

BACHF:USA 03988:Hong Kong W8V:Germany 601988:China

Address

No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, CHN, 100818

Website

https://www.boc.cn

Bank of China was founded in 1912 with headquarter in Beijing. The bank has evolved as a central bank, international exchange bank, and state-owned bank specializing in foreign trade business. BOC was listed on the Hong Kong and Shanghai stock exchanges in 2006. It provides a comprehensive range of financial services to customers across greater China and overseas. Central Huijin, a Chinese state-owned investment company and BOC's largest shareholder, controls 64%.

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