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NMBZ Holding (LSE:NMB) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is NMBZ Holding Long-Term Capital Lease Obligation?

NMBZ Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


NMBZ Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for NMBZ Holding'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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NMBZ Holding Long-Term Capital Lease Obligation Chart

NMBZ Holding Annual Data
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Long-Term Capital Lease Obligation
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NMBZ Holding Semi-Annual Data
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NMBZ Holding  (LSE:NMB) 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.

NMBZ Holding Long-Term Capital Lease Obligation Related Terms

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NMBZ Holding (LSE:NMB) Business Description

Industry
Traded in Other Exchanges
Address
19207 Liberation Legacy Way, PO Box 2564, Borrowdale, Harare, ZWE
NMBZ Holding Ltd is an investment holding company. Through its subsidiary, it operates in five segments: Retail Banking, Corporate Banking, Digital Banking, Treasury, International Banking, and others. Its Retail Banking segment includes individual customer's deposits and consumer overdrafts, credit card facilities, and funds transfer facilities. The Digital Banking segment handles the Bank's Digital Banking products, including Card and POS Services. Its Corporate Banking segment includes loans and other credit facilities and deposit and current accounts for corporate and institutional customers. The Treasury segment includes money market investment, securities trading, accepting and discounting of instruments, and foreign currency trading.

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