CIMB Thai Bank (BKK:CIMBT) Long-Term Capital Lease Obligation : ฿220 Mil (As of Mar. 2024)

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What is CIMB Thai Bank Long-Term Capital Lease Obligation?

CIMB Thai Bank's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿220 Mil.

CIMB Thai Bank's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿210 Mil) to Dec. 2023 (฿195 Mil) but then increased from Dec. 2023 (฿195 Mil) to Mar. 2024 (฿220 Mil).

CIMB Thai Bank's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (฿212 Mil) to Dec. 2022 (฿191 Mil) but then increased from Dec. 2022 (฿191 Mil) to Dec. 2023 (฿195 Mil).

CIMB Thai Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for CIMB Thai 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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CIMB Thai Bank Long-Term Capital Lease Obligation Chart

CIMB Thai Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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296.68

211.55

191.43

194.55

CIMB Thai Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															176.83	173.10	210.45	194.55	219.86

CIMB Thai Bank (BKK:CIMBT) 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.

CIMB Thai Bank Long-Term Capital Lease Obligation Related Terms

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CIMB Thai Bank (BKK:CIMBT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CIMB Thai Bank PLC (BKK:CIMBT) » Definitions » Long-Term Capital Lease Obligation

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Address

44 Langsuan Road, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.cimbthai.com

CIMB Thai Bank PLC is a financial service provider in Thailand. It provides consumer banking, commercial banking, investment banking, Islamic banking, asset management and insurance products and services. The bank has a presence in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, and Laos. It operates through CIMB Bank, CIMB Investment Bank, and CIMB Islamic. Its segments are Consumer Banking, Wholesale Banking, and Others, out of which it earns its maximum revenue from consumer banking.

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