ForteBank JSC (XKAZ:ASBN) Long-Term Capital Lease Obligation : ₸0 Mil (As of Mar. 2024)

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What is ForteBank JSC Long-Term Capital Lease Obligation?

ForteBank JSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₸0 Mil.

ForteBank JSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for ForteBank JSC'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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ForteBank JSC Long-Term Capital Lease Obligation Chart

ForteBank JSC Annual Data

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Long-Term Capital Lease Obligation

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ForteBank JSC Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

ForteBank JSC (XKAZ:ASBN) 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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ForteBank JSC (XKAZ:ASBN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ForteBank JSC (XKAZ:ASBN) » Definitions » Long-Term Capital Lease Obligation

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Address

Dostyk Street, 8/1, Astana, KAZ, 010017

Website

https://www.forte.bank

ForteBank JSC is a commercial bank based in Kazakhstan. It is a result of the merger of OJSC Semipalatinsk Municipal Joint Stock Bank and OJSC Irtyshbusinessbank. ForteBank's core services involve the provision of banking services to individuals and corporates. Its customers can also avail insurance coverage for deposits, depending upon a number of deposits. The group's primary business is related to commercial banking activities, granting of loans and guarantees, accepting deposits, exchanging foreign currencies, dealing with securities, transferring cash payments, as well as providing other banking services.

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