Sina Finance and Credit Co (XTEH:VSIN1) Long-Term Capital Lease Obligation : IRR0 Mil (As of Mar. 2014)

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What is Sina Finance and Credit Co Long-Term Capital Lease Obligation?

Sina Finance and Credit Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2014 was IRR0 Mil.

Sina Finance and Credit Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sina Finance and Credit Co'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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Sina Finance and Credit Co Long-Term Capital Lease Obligation Chart

Sina Finance and Credit Co Annual Data

Trend

Mar12

Mar13

Mar14

Long-Term Capital Lease Obligation

Sina Finance and Credit Co Semi-Annual Data
	Mar12	Mar13	Mar14
Long-Term Capital Lease Obligation	-	-	-

Sina Finance and Credit Co (XTEH:VSIN1) 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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Sina Finance and Credit Co (XTEH:VSIN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sina Finance and Credit Co (XTEH:VSIN1) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No 187 Motahari Avenue, Tehran, IRN, 1587998411

Website

http://www.sinabank.ir

Sina Finance and Credit Co is a credit and finance company. Its business activities consist of monetary, financial and credential performances as well as other activities related to various parts of the economy and giving service to real and legal persons. The company also aims at funding various production, business and service units as well as granting credit facilities to various economic sectors. Sina offers various banking services including internet banking, mobile banking, telephone banking, loans, foreign exchange and SMS banking services.

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