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Bank of Tianjin Co (HKSE:01578) Long-Term Capital Lease Obligation : HK$0 Mil (As of Dec. 2023)


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What is Bank of Tianjin Co Long-Term Capital Lease Obligation?

Bank of Tianjin Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil.


Bank of Tianjin Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of Tianjin 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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Bank of Tianjin Co Long-Term Capital Lease Obligation Chart

Bank of Tianjin Co Annual Data
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Long-Term Capital Lease Obligation
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Bank of Tianjin Co Semi-Annual Data
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Bank of Tianjin Co  (HKSE:01578) 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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Bank of Tianjin Co (HKSE:01578) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 15 Youyi Road, Hexi District, Tianjin, CHN, 300201
Bank of Tianjin Co Ltd is a commercial bank providing banking and financial services. It also provides agency services for the housing maintenance fund. Its segments are corporate banking Business, personal banking Business, treasury business, and Others. Majority of its revenue generated from Personal Banking Business Segment. Geographical presence in Asia Pacific (excluding mainland China of which: attributed to Hong Kong, Europe and North America.

Bank of Tianjin Co (HKSE:01578) Headlines

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