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Global IME Bank (XNEP:GBIME) Long-Term Capital Lease Obligation : NPR0 Mil (As of Jan. 2024)


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What is Global IME Bank Long-Term Capital Lease Obligation?

Global IME Bank's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was NPR0 Mil.


Global IME Bank Long-Term Capital Lease Obligation Historical Data

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

Global IME Bank Annual Data
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Long-Term Capital Lease Obligation
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Global IME Bank Quarterly Data
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Global IME Bank  (XNEP:GBIME) 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.

Global IME Bank Long-Term Capital Lease Obligation Related Terms

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Global IME Bank (XNEP:GBIME) Business Description

Industry
Traded in Other Exchanges
N/A
Address
IME Complex, Panipokhari, P.O. Box: 19327, Kathmandu, NPL
Global IME Bank Ltd operates as a commercial bank in Nepal which provides entire commercial banking services. The bank offers a complete range of banking products in deposits, lending, trade finance, and remittances. Its deposit product portfolio encompasses customer tailored saving deposits, fixed deposits, call and current deposits. The lending product portfolio includes commercial loan products such as demand loans, cash credits, overdrafts, trust receipts, and term loans, whereas a complete portfolio of personal and retail credit products are also provided by the bank. It also provides internet and mobile banking services.

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