Japan Post Bank Co (Japan Post Bank Co) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Japan Post Bank Co Long-Term Capital Lease Obligation?

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

Japan Post Bank Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Japan Post 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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Japan Post Bank Co Long-Term Capital Lease Obligation Chart

Japan Post Bank Co Annual Data

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Long-Term Capital Lease Obligation

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Japan Post Bank Co Quarterly Data
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Japan Post Bank Co (OTCPK:JPSTF) 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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Japan Post Bank Co (Japan Post Bank Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Japan Post Bank Co Ltd (OTCPK:JPSTF) » Definitions » Long-Term Capital Lease Obligation

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JPPTY:USA 7182:Japan 5JP:Germany

Address

1-3-2 Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 100-8798

Website

http://www.jp-bank.japanpost.jp

Japan Post Bank is the successor of the postal-savings system dating to the Meiji era. It was partially privatized in 2015, when the government sold to the public an 11% stake in parent company Japan Post Holdings, which in turn sold 11% stakes in Japan Post Bank and Japan Post Insurance to the public. Japan Post Bank is now 64% owned by Japan Post Holdings, which is majority owned by the government. The law requires Japan Post Holdings to divest itself of Japan Post Bank eventually. Japan Post Bank has 235 direct branches and also accepts deposits and sells investment products at more than 24,000 post offices across the country through a sales-agency agreement with Japan Post (an unlisted subsidiary of Japan Post Holdings).

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