Ithmaar Holding BSC (BAH:ITHMR) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)

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What is Ithmaar Holding BSC Long-Term Capital Lease Obligation?

Ithmaar Holding BSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.

Ithmaar Holding BSC Long-Term Capital Lease Obligation Historical Data

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

Ithmaar Holding BSC Annual Data

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Long-Term Capital Lease Obligation

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Ithmaar Holding BSC Quarterly Data
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Ithmaar Holding BSC (BAH:ITHMR) 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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Ithmaar Holding BSC (BAH:ITHMR) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ithmaar Holding BSC (BAH:ITHMR) » Definitions » Long-Term Capital Lease Obligation

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ITHMR:United Arab Emirates

Address

Seef Tower, P.O. Box 2820, Seef District, Manama, BHR

Website

https://www.ithmaarholding.com

Ithmaar Holding BSC is engaged in providing financial services, including retail, commercial, asset management, private banking, takaful, equipment leasing, and real estate development. It also acts as a manager, on a trustee basis of funds deposited for investment in accordance with Islamic laws and principles, particularly regarding the prohibition of receiving or paying interest. The group's business segment includes Retail and Corporate banking, where it receives customer funds, and deposits and extends financing to its retail and corporate clients; Asset Management/ Investment Banking, where it directly participates in investment opportunities and Others.

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