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China Bohai Bank Co (HKSE:09668) Long-Term Capital Lease Obligation : HK$0 Mil (As of Dec. 2023)


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What is China Bohai Bank Co Long-Term Capital Lease Obligation?

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


China Bohai Bank Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Bohai Bank 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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China Bohai Bank Co Long-Term Capital Lease Obligation Chart

China Bohai Bank Co Annual Data
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China Bohai Bank Co Semi-Annual Data
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China Bohai Bank Co  (HKSE:09668) 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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China Bohai Bank Co (HKSE:09668) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 218 Haihe East Road, Hedong District, Tianjin, CHN, 300012
China Bohai Bank Co Ltd offers banking services. Its operating segments are Corporate Banking, Retail Banking, Financial market business, and others. The company generates its revenue from the Corporate banking segment, which offers products and services such as corporate loans, advances, trade financing, deposit-taking activities, agency services, wealth management services, and other services. The Retail segment includes services such as personal loans, deposit-taking activities, personal wealth management services, and remittance services. The Financial market business includes inter-bank money market transactions, repurchase transactions, and investments. Geographically, the bank operates only in China.
Executives
Shandong Gold Financial Holdings Group (hongkong) Co., Limited 2101 Beneficial owner
Standard Chartered Plc
Standard Chartered Bank (hong Kong) Limited 2101 Beneficial owner
Yi Chang Dong Yang Guang Jian Kang Yao Ye You Xian Gong Si

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