Empresa General de Inversiones (XPTY:EGIN) Long-Term Capital Lease Obligation

: $0 Mil (As of Dec. 2023)

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Empresa General de Inversiones's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Empresa General de Inversiones Long-Term Capital Lease Obligation Historical Data

The historical data trend for Empresa General de Inversiones'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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Empresa General de Inversiones Annual Data

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Long-Term Capital Lease Obligation

Empresa General de Inversiones Quarterly Data
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Empresa General de Inversiones (XPTY:EGIN) 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.

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Empresa General de Inversiones (XPTY:EGIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Empresa General de Inversiones SA (XPTY:EGIN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building Torre Banco General, Aquilino de la, Guardia Street to 5th Avenue South B, Section 4592 Marbella, Panama, PAN, 5

Website

https://www.bgeneral.com

Empresa General de Inversiones SA is engaged in the provision of banking and insurance services to individual and corporate customers. The company offers mortgage, commercial, consumer, and corporate loans; fixed term deposits; and consumer and corporate banking services. The company has five segments Banking and Financial Activities, Insurance and Reinsurance, Pension and Unemployment Funds, Petroleum, Share Holder, and the majority of its revenue is generated from Banking and Financial Activities.

Empresa General de Inversiones (XPTY:EGIN) Headlines

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