Rizal Commercial Banking (Rizal Commercial Banking) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Rizal Commercial Banking Long-Term Capital Lease Obligation?

Rizal Commercial Banking's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Rizal Commercial Banking Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rizal Commercial Banking'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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Rizal Commercial Banking Long-Term Capital Lease Obligation Chart

Rizal Commercial Banking Annual Data

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Long-Term Capital Lease Obligation

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Rizal Commercial Banking Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Rizal Commercial Banking (OTCPK:RZLLY) 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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Rizal Commercial Banking (Rizal Commercial Banking) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rizal Commercial Banking Corp (OTCPK:RZLLY) » Definitions » Long-Term Capital Lease Obligation

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RCB:Philippines

Address

6819 Ayala Avenue Corner Sen Gil Puyat Avenue, 12th Floor, Yuchengco Tower, RCBC Plaza, Makati, PHL, 1200

Website

https://www.rcbc.com

Rizal Commercial Banking Corporation is a bank based in Makati City, the Philippines. The company provides banking and financial products and services to its customers in the Philippines but also in Asia, Europe, and the United States. The bank operates in the below segments: Retail, Corporate, Small and Medium enterprises, Treasury, and Others. Of these segments, the contributor to revenue is the retail banking function, followed by corporate banking. Services provided to clients include checking and savings accounts, deposits, credit cards, consumer and commercial loans, money market and trading services, investment banking, foreign exchange, wealth management, economic and investment research, syndicated loans, and wholesale lending.

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