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Auswide Bank (ASX:ABA) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Auswide Bank Long-Term Capital Lease Obligation?

Auswide Bank's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.


Auswide Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Auswide Bank'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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Auswide Bank Long-Term Capital Lease Obligation Chart

Auswide Bank Annual Data
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Long-Term Capital Lease Obligation
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Auswide Bank Semi-Annual Data
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Auswide Bank  (ASX:ABA) 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.

Auswide Bank Long-Term Capital Lease Obligation Related Terms

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Auswide Bank (ASX:ABA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
16-20 Barolin Street, Level 3, Floor 5, Bundaberg, QLD, AUS, 4670
Auswide Bank Ltd engages in providing banking, finance products, and services to retail customers with residential lending and retail deposits. It offers loans, savings and investments, insurance, foreign exchange, and banking services. Its loan products include home, car, personal, and business term loans; business overdrafts; business lines of credit; and bank guarantees; and commercial vehicle and equipment finance. The company operates in one geographical segment which is the Commonwealth of Australia..

Auswide Bank (ASX:ABA) Headlines

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