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JiangXi Bank Co (HKSE:01916) Long-Term Capital Lease Obligation : HK$0 Mil (As of Dec. 2023)


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What is JiangXi Bank Co Long-Term Capital Lease Obligation?

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


JiangXi Bank Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for JiangXi Bank Co'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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JiangXi Bank Co Long-Term Capital Lease Obligation Chart

JiangXi Bank Co Annual Data
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Long-Term Capital Lease Obligation
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JiangXi Bank Co Semi-Annual Data
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JiangXi Bank Co  (HKSE:01916) 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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JiangXi Bank Co (HKSE:01916) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
JiangXi Bank Co Ltd operates as a commercial bank in China. The company's operating segments include Corporate banking; Retail banking and credit card; Financial markets business and others. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment provides a range of financial products and services to corporations, government agencies and financial institutions.

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