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Banco Mercantil do Brasil (BSP:BMEB4) Long-Term Capital Lease Obligation : R$0 Mil (As of Dec. 2023)


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What is Banco Mercantil do Brasil Long-Term Capital Lease Obligation?

Banco Mercantil do Brasil's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$0 Mil.


Banco Mercantil do Brasil Long-Term Capital Lease Obligation Historical Data

The historical data trend for Banco Mercantil do Brasil'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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Banco Mercantil do Brasil Long-Term Capital Lease Obligation Chart

Banco Mercantil do Brasil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Banco Mercantil do Brasil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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Banco Mercantil do Brasil  (BSP:BMEB4) 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.

Banco Mercantil do Brasil Long-Term Capital Lease Obligation Related Terms

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Banco Mercantil do Brasil (BSP:BMEB4) Business Description

Traded in Other Exchanges
Address
R Rio de Janeiro 654, Belo Horizonte,, MG, BRA, 30160912
Banco Mercantil do Brasil SA offers commercial banking services. It offers personal and corporate credit cards, lease financing, business financing services, Internet banking, and other financial services. The company offers checking and savings accounts, and time deposits and funds; payroll-deductible loans, personal loans, overdraft facilities, credit cards, and vehicle financing services; private pension, insurance, and capitalization products and services; and collection, payment of taxes and fees to individuals.

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