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HFB Financial (HFB Financial) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2003)


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What is HFB Financial Long-Term Capital Lease Obligation?

HFB Financial's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2003 was $0.00 Mil.


HFB Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for HFB Financial'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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HFB Financial Long-Term Capital Lease Obligation Chart

HFB Financial Annual Data
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Long-Term Capital Lease Obligation
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HFB Financial Quarterly Data
Jun96 Jun97 Jun98 Jun99 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03
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HFB Financial  (OTCPK:HFBA) 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.

HFB Financial Long-Term Capital Lease Obligation Related Terms

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HFB Financial (HFB Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1602 Cumberland Avenue, Middlesboro, KY, USA, 40965-1225
HFB Financial Corp is a United States based company engaged in providing banking and financial services. The company offers checking accounts, saving accounts, money market accounts, certificates of deposit, health savings accounts, individual retirement accounts, overdrafts, and card facilities Further, it also offers loans, online banking, investment, and insurance-related services.

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