KGTFF (Krung Thai Bank PCL) Long-Term Capital Lease Obligation : $111 Mil (As of Sep. 2024)

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What is Krung Thai Bank PCL Long-Term Capital Lease Obligation?

Krung Thai Bank PCL's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $111 Mil.

Krung Thai Bank PCL's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($102 Mil) to Jun. 2024 ($95 Mil) but then increased from Jun. 2024 ($95 Mil) to Sep. 2024 ($111 Mil).

Krung Thai Bank PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($127 Mil) to Dec. 2022 ($106 Mil) but then increased from Dec. 2022 ($106 Mil) to Dec. 2023 ($110 Mil).

Krung Thai Bank PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Krung Thai Bank PCL'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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Krung Thai Bank PCL Long-Term Capital Lease Obligation Chart

Krung Thai Bank PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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149.72

127.43

106.07

109.82

Krung Thai Bank PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															100.18	109.82	102.36	95.12	110.92

Krung Thai Bank PCL (OTCPK:KGTFF) 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.

Krung Thai Bank PCL Long-Term Capital Lease Obligation Related Terms

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Krung Thai Bank PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Krung Thai Bank PCL (OTCPK:KGTFF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KTHAF:USA KGTFY:USA KTB-R:Thailand KTB-F:Thailand KTB:Thailand KTB1:Germany

Address

35 Sukhumvit Road, Klongtoey Nua Subdistrict, Wattana District, Bangkok, THA, 10110

Website

https://www.krungthai.com

Krung Thai Bank PCL engages in commercial banking business and conducts its business through a nationwide branch network and in certain centers of the world. The company has three segments which are Retail banking, Corporate banking and Treasury and investments. Majority of the revenue is earned from Retail banking segment.

Krung Thai Bank PCL Headlines

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