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Oita Bank (TSE:8392) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is Oita Bank Long-Term Capital Lease Obligation?

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


Oita Bank Long-Term Capital Lease Obligation Historical Data

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

Oita Bank Annual Data
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Long-Term Capital Lease Obligation
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Oita Bank Quarterly Data
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Oita Bank  (TSE:8392) 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.

Oita Bank Long-Term Capital Lease Obligation Related Terms

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Oita Bank (TSE:8392) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3-4-1, Funai-cho, Oita, JPN, 870-8601
Oita Bank Ltd is a Japanese regional bank operating primarily in the Oita prefecture, located in the southwest of the nation's archipelago. The bank emphasizes a community-based strategy to create value alongside its operating region. It provides financial services to businesses and individuals, including banking, leasing, and credit cards. A majority of the bank's earning assets are in loans and bills discounted, followed by investment securities. Most of the bank's income is overwhelmingly net interest income, followed by fees and commissions.

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