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

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What is Mizuho Financial Group Long-Term Capital Lease Obligation?

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

Mizuho Financial Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mizuho Financial 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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Mizuho Financial Group Long-Term Capital Lease Obligation Chart

Mizuho Financial Group Annual Data

Trend

Mar14

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Mar23

Long-Term Capital Lease Obligation

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225.10

580.46

Mizuho Financial Group Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Mizuho Financial Group (NYSE:MFG) 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.

Mizuho Financial Group Long-Term Capital Lease Obligation Related Terms

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Mizuho Financial Group (Mizuho Financial Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizuho Financial Group Inc (NYSE:MFG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MZHOF:USA 8411:Japan MZ8A:Germany MZ8:Germany MZ8:Germany MFG:Argentina

Address

1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176

Website

https://www.mizuho-fg.co.jp

Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, Mizuho's market share of domestic loans was 6.7%, compared with 7.1% for SMFG and 8.1% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.