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Shanghai Pudong Development Bank Co (SHSE:600000) Long-Term Capital Lease Obligation : ¥0 Mil (As of Mar. 2024)


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What is Shanghai Pudong Development Bank Co Long-Term Capital Lease Obligation?

Shanghai Pudong Development Bank Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.


Shanghai Pudong Development Bank Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shanghai Pudong Development 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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Shanghai Pudong Development Bank Co Long-Term Capital Lease Obligation Chart

Shanghai Pudong Development Bank Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Shanghai Pudong Development Bank Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Shanghai Pudong Development Bank Co  (SHSE:600000) 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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Shanghai Pudong Development Bank Co (SHSE:600000) Business Description

Traded in Other Exchanges
N/A
Address
No. 12 Zhongshan East 1st Road, Shanghai, CHN, 200002
Shanghai Pudong Development Bank Co Ltd provides various banking services such as corporate banking, personal banking, and businesses related to financial markets. The bank has its branches and business offices in China and international countries.
Executives
Cui Bing Wen senior management
Xie Wei senior management
Pan Wei Dong Directors, senior managers
Wang Xin Hao senior management
Liu Yi Yan Directors, senior managers
Xu Hai Yan senior management
Liu Xin Yi senior management

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