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San-in Godo Bank (TSE:8381) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is San-in Godo Bank Long-Term Capital Lease Obligation?

San-in Godo Bank's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.


San-in Godo Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for San-in Godo 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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San-in Godo Bank Long-Term Capital Lease Obligation Chart

San-in Godo Bank Annual Data
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Long-Term Capital Lease Obligation
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San-in Godo Bank 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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San-in Godo Bank  (TSE:8381) 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.

San-in Godo Bank Long-Term Capital Lease Obligation Related Terms

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San-in Godo Bank (TSE:8381) Business Description

Industry
Traded in Other Exchanges
N/A
Address
10 Uomachi, Matsue, Shimane, JPN, 6900062
San-in Godo BankLtd. is a Japanese bank group that primarily operates in the San-in region of western Honshu. It also has a presence in the neighboring Sanyo region and the Hyogo prefecture. The group has two reportable service segments: banking and leasing. Banking constitutes a majority of the group's activities and consists of a deposit, loan, securities investment, and exchange business. The group also engages in a credit guarantee business. Loans and bills discounted and securities constitute a majority of the bank's earning assets.

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