Forward Microfinance Bittiyanstha (XNEP:FOWAD) Long-Term Capital Lease Obligation : NPR0.00 Mil (As of . 20)

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What is Forward Microfinance Bittiyanstha Long-Term Capital Lease Obligation?

Forward Microfinance Bittiyanstha's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was NPR0.00 Mil.

Forward Microfinance Bittiyanstha Long-Term Capital Lease Obligation Historical Data

The historical data trend for Forward Microfinance Bittiyanstha'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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Forward Microfinance Bittiyanstha Long-Term Capital Lease Obligation Chart

Forward Microfinance Bittiyanstha Annual Data

Trend

Long-Term Capital Lease Obligation

Forward Microfinance Bittiyanstha Semi-Annual Data

Long-Term Capital Lease Obligation

Forward Microfinance Bittiyanstha (XNEP:FOWAD) 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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Forward Microfinance Bittiyanstha Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Forward Microfinance Bittiya Sanstha Ltd (XNEP:FOWAD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Duhabi-2, Sunsari, NPL

Website

https://www.forwardmfbank.com.np

Forward Microfinance Bittiya Sanstha Ltd is a microfinance development bank. Its products include Loan Products, Savings Products, Security (Insurance), and Remittance. The group aims to increase financial access to poor households, particularly the women of poor families living in rural and remote areas of Nepal. Its reportable segments are Koshi Province, Madhesh Province, Bagmati Province, Gandaki Province, Lumbini Province, Sudurpashchim Province, and Karnali Province.

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