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HNB Finance (COL:HNBF.N0000) Long-Term Capital Lease Obligation : රු0.00 Mil (As of . 20)


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What is HNB Finance Long-Term Capital Lease Obligation?

HNB Finance's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was රු0.00 Mil.

HNB Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for HNB Finance'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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HNB Finance Long-Term Capital Lease Obligation Chart

HNB Finance Annual Data
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Long-Term Capital Lease Obligation

HNB Finance Semi-Annual Data
Long-Term Capital Lease Obligation

HNB Finance  (COL:HNBF.N0000) 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.

HNB Finance Long-Term Capital Lease Obligation Related Terms

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HNB Finance (COL:HNBF.N0000) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » HNB Finance PLC (COL:HNBF.N0000) » Definitions » Long-Term Capital Lease Obligation
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HNBF.X0000:Sri Lanka
Address
No. 168, Nawala Road, Nugegoda, Colombo, LKA
Website
https://www.hnbfinance.lk
HNB Finance PLC is a provider of microfinance facilities, finance leases, vehicle loan facilities, mortgage loans, gold loans, Islamic finance, other credit facilities, acceptance of fixed deposits, maintenance of savings accounts, and value-added services to the finance sector. The company's operating segments include Financial, Gold Loan, Leasing, and Others. The company generates maximum revenue from the Financial segment.

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