Taichung Commercial Bank Co (TPE:2812) Long-Term Capital Lease Obligation : NT$0 Mil (As of Mar. 2024)

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What is Taichung Commercial Bank Co Long-Term Capital Lease Obligation?

Taichung Commercial Bank Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$0 Mil.

Taichung Commercial Bank Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Taichung Commercial 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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Taichung Commercial Bank Co Long-Term Capital Lease Obligation Chart

Taichung Commercial Bank Co Annual Data

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Long-Term Capital Lease Obligation

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Taichung Commercial Bank Co Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Taichung Commercial Bank Co (TPE:2812) 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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Taichung Commercial Bank Co (TPE:2812) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Taichung Commercial Bank Co Ltd (TPE:2812) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 87, Mincyuan Road, West District, Taichung, TWN, 40341

Website

https://www.tcbbank.com.tw

Taichung Commercial Bank Co Ltd is a provider of banking products and services in Taiwan. The company earns the majority of revenue domestically and derives a small portion of revenue from operations in the rest of Asia and America. Segements are Northern area, Central area, Southern area, OBU, Overseas branch, Head office and others. The bank provides deposits, corporate loans, syndicated loans, mortgages, automobile loans, credit cards, foreign exchange, Internet banking, ATMs, securities trading, long-term investment, wealth management, trust services, insurance brokerage, leasing, and international banking to its customers, both individuals and businesses.

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