FBC Holdings (XZIM:FBC.ZW) Long-Term Capital Lease Obligation : ZWL0 Mil (As of Dec. 2023)

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What is FBC Holdings Long-Term Capital Lease Obligation?

FBC Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ZWL0 Mil.

FBC Holdings Long-Term Capital Lease Obligation Historical Data

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

FBC Holdings Annual Data

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Long-Term Capital Lease Obligation

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FBC Holdings Semi-Annual Data
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FBC Holdings (XZIM:FBC.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.

FBC Holdings Long-Term Capital Lease Obligation Related Terms

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FBC Holdings (XZIM:FBC.ZW) Business Description

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

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Address

45 Nelson Mandela Avenue, 6th Floor, FBC Centre, P.O. Box 1227, Harare, ZWE

Website

https://www.fbc.co.zw

FBC Holdings Ltd is an investment holding company. The company through its subsidiaries operates its six segments namely Commercial banking, Microlending, Mortgage financing, Short-term reinsurance, Short-term insurance, and stockbroking. The commercial banking segment consists of dealing in the money and foreign exchange markets, retail, corporate and international banking, and corporate finance. The Mortgage financing segment consists of housing development, mortgage lending, savings deposit accounts, and other money market investment products. It earns maximum revenue from its commercial banking segment.

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