Standard Bank Group (JSE:SBK) Long-Term Capital Lease Obligation : R0 Mil (As of Dec. 2023)

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What is Standard Bank Group Long-Term Capital Lease Obligation?

Standard Bank Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R0 Mil.

Standard Bank Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Standard Bank Group'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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Standard Bank Group Long-Term Capital Lease Obligation Chart

Standard Bank Group Annual Data

Trend

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Long-Term Capital Lease Obligation

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Standard Bank Group Semi-Annual Data
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Standard Bank Group (JSE:SBK) 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.

Standard Bank Group Long-Term Capital Lease Obligation Related Terms

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Standard Bank Group (JSE:SBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Standard Bank Group Ltd (JSE:SBK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SBPP.PFD:South Africa SBKP.PFD:South Africa SGBLY:USA SBGOF:USA SNB:Namibia SKC2:Germany

Address

550 Denman Street, Suite 200, Vancouver, BC, CAN

Website

https://www.standardbank.com

Standard Bank Group Ltd provides banking and other financial services for its customers in roughly 20 countries in sub-Saharan Africa. Its two biggest business segments are personal and business banking and corporate and investment banking. The company earns most of its income from the personal and business banking segment, where it offers credit cards, mortgages, vehicle loans, insurance, and other lending and transactional products. The company generates nearly all its income in Africa, with most coming from South Africa.

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