Postalvings Bank Of China Co (Postalvings Bank Of China Co) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Postalvings Bank Of China Co Long-Term Capital Lease Obligation?

Postalvings Bank Of China Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

Postalvings Bank Of China Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Postalvings Bank Of China 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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Postalvings Bank Of China Co Long-Term Capital Lease Obligation Chart

Postalvings Bank Of China Co Annual Data

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Long-Term Capital Lease Obligation

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Postalvings Bank Of China Co Quarterly Data
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Postalvings Bank Of China Co (OTCPK:PSBKF) 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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Postalvings Bank Of China Co (Postalvings Bank Of China Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Postal Savings Bank Of China Co Ltd (OTCPK:PSBKF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

PSTVY:USA 01658:Hong Kong 3YB:Germany 601658:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

https://www.psbc.com

Postal Savings Bank of China is headquartered in Beijing. The bank is the fifth-largest commercial bank in China by deposits. The bank was established in 2007 as the postal savings and remittance business of its parent, China Post Group. The bank completed its joint-stock reform in 2012. The bank got listed on Hong Kong and Shanghai stock exchanges in 2016 and 2019 respectively. It boasts over 500 million individual customers and more than 40,000 outlets, which are among the largest customer bases and distribution networks in China.

Postalvings Bank Of China Co (Postalvings Bank Of China Co) Headlines

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