CBZ Holdings (XZIM:CBZ.ZW) Long-Term Capital Lease Obligation : ZWG0 Mil (As of Jun. 2024)

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What is CBZ Holdings Long-Term Capital Lease Obligation?

CBZ Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ZWG0 Mil.

CBZ Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for CBZ Holdings'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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CBZ Holdings Long-Term Capital Lease Obligation Chart

CBZ Holdings Annual Data

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Long-Term Capital Lease Obligation

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CBZ Holdings Semi-Annual Data
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CBZ Holdings (XZIM:CBZ.ZW) 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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CBZ Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CBZ Holdings Ltd (XZIM:CBZ.ZW) » Definitions » Long-Term Capital Lease Obligation

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Address

5 Campbell Road, Pomona, Borrowdale, Harare, ZWE

Website

https://www.cbz.co.zw

CBZ Holdings Ltd is a Zimbabwe-based financial services company. The company's operating segments include Banking Operations; Mortgage finance; Asset management; Insurance operations; Property investment; Agro business; Micro Finance and Other operations. It generates maximum revenue from the Banking Operations segment. The Banking Operations segment provides commercial banking products through retail banking corporate and merchant banking and investment portfolios through the treasury function.

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