HSNGY (Hang Seng Bank) Long-Term Capital Lease Obligation : $0 Mil (As of Jun. 2024)

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What is Hang Seng Bank Long-Term Capital Lease Obligation?

Hang Seng Bank's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0 Mil.

Hang Seng Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hang Seng Bank'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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Hang Seng Bank Long-Term Capital Lease Obligation Chart

Hang Seng Bank Annual Data

Trend

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Long-Term Capital Lease Obligation

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

Hang Seng Bank (OTCPK:HSNGY) 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.

Hang Seng Bank Long-Term Capital Lease Obligation Related Terms

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Hang Seng Bank Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hang Seng Bank Ltd (OTCPK:HSNGY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

HSNGF:USA 00011:Hong Kong HSB:Germany

Address

83 Des Voeux Road Central, Hong kong, HKG

Website

https://www.hangseng.com

Hang Seng Bank is a Hong Kong-based financial institution. Founded in 1933, the bank has a long history in Hong Kong and operates three main segments: retail banking and wealth management, commercial banking, and global banking and markets. The majority of the group's profit is generated in Hong Kong and mainland China. HSBC has been its majority shareholder since 1965, with a controlling 62% stake.