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CTBC Financial Holding Co (TPE:2891B.PFD) Long-Term Capital Lease Obligation : NT$0.00 Mil (As of Mar. 2024)


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What is CTBC Financial Holding Co Long-Term Capital Lease Obligation?

CTBC Financial Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$0.00 Mil.


CTBC Financial Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for CTBC Financial Holding 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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CTBC Financial Holding Co Long-Term Capital Lease Obligation Chart

CTBC Financial Holding Co Annual Data
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Long-Term Capital Lease Obligation
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CTBC Financial Holding Co Quarterly Data
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CTBC Financial Holding Co  (TPE:2891B.PFD) 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.

CTBC Financial Holding Co Long-Term Capital Lease Obligation Related Terms

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CTBC Financial Holding Co (TPE:2891B.PFD) Business Description

Traded in Other Exchanges
Address
No. 168, Jingmao 2nd Road, 27th and 29th Floor, Nangang District, Taipei, TWN, 115
CTBC Financial Holding Co Ltd is a diversified financial services holding company. The company's segment includes Institutional banking; Retail banking; Life insurance and others. It generates maximum revenue from the Retail banking segment. The Retail Banking segment is providing target clients with relevant financial services, including wealth management, credit cards, secured loans, and unsecured individual loans, etc. Geographically, it derives a majority of its revenue from Taiwan.

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