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Prabhu Bank (XNEP:PRVU) Long-Term Capital Lease Obligation : NPR0 Mil (As of Jan. 2024)


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What is Prabhu Bank Long-Term Capital Lease Obligation?

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


Prabhu Bank Long-Term Capital Lease Obligation Historical Data

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

Prabhu Bank Annual Data
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Prabhu Bank Quarterly Data
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Prabhu Bank  (XNEP:PRVU) 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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Prabhu Bank (XNEP:PRVU) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Prabhu Building, Babarmahal, Post Box No.:19441, Kathmandu, NPL
Prabhu Bank Ltd is a banking and financial company in Nepal. It provides a full range of banking and investment services for personal and corporate customers. Its services include deposit schemes, loans and advances, Foreign exchange facilities, Trade financing, Inward/outward remittances, market maker for government securities and letter of credits, among others. It operates in four segments: Treasury & Remittance, Alternate Delivery Channel, Trade operations, and Banking.

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