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Himalayan Bank (XNEP:HBL) Long-Term Capital Lease Obligation : NPR0 Mil (As of Apr. 2024)


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What is Himalayan Bank Long-Term Capital Lease Obligation?

Himalayan Bank's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was NPR0 Mil.


Himalayan Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Himalayan Bank'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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Himalayan Bank Long-Term Capital Lease Obligation Chart

Himalayan Bank Annual Data
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Himalayan Bank Quarterly Data
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Himalayan Bank  (XNEP:HBL) 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.

Himalayan Bank Long-Term Capital Lease Obligation Related Terms

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Himalayan Bank Business Description

Industry
Traded in Other Exchanges
N/A
Address
Kamaladi, P.O. Box: 20590, Kathmandu, NPL
Himalayan Bank Ltd is a Nepal based company involved in the banking business. It is primarily engaged in providing financial services that include accepting deposits, corporate and retail lending, project financing, trade financing and fund transfer, among others. It also offers remittance services, card services and other ancillary services like safe deposit locker services as well as a wide range of electronic banking facilities. The products and services are offered to personal and business customers in Nepal.

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