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

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What is Capitec Bank Holdings Long-Term Capital Lease Obligation?

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

Capitec Bank Holdings Long-Term Capital Lease Obligation Historical Data

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

Capitec Bank Holdings Annual Data

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Long-Term Capital Lease Obligation

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Capitec Bank Holdings Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Capitec Bank Holdings (OTCPK:CKHGY) 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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Capitec Bank Holdings (Capitec Bank Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Capitec Bank Holdings Ltd (OTCPK:CKHGY) » Definitions » Long-Term Capital Lease Obligation

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CPIP.PFD:South Africa CPI:South Africa

Address

5 Neutron Road, Techno Park, Stellenbosch, WC, ZAF, 7600

Website

https://www.capitecbank.co.za

Capitec Bank Holdings Ltd is a retail bank with more than 850 branches in South Africa. Its services focus on three customer needs: saving, which provides customers the ability to receive and store funds; credit, which satisfies customer needs to access and borrow funds; and transacting, which allows for payments and movement of funds. It operates in three segments: -Retail bank, Business bank, and the Insurance business. Net interest income accounts for more than two-thirds of total company revenue. The company also generates revenue from fees on loans and transactions. Roughly a third of the company's loans are mortgages, and another third are other secured loans. Credit facilities and unsecured credit loans make up most of the remaining loans outstanding.

Capitec Bank Holdings (Capitec Bank Holdings) Headlines

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