Mwalimu Commercial Bank (DAR:MCB) Long-Term Capital Lease Obligation : TZS0.00 Mil (As of . 20)

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What is Mwalimu Commercial Bank Long-Term Capital Lease Obligation?

Mwalimu Commercial Bank's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was TZS0.00 Mil.

Mwalimu Commercial Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mwalimu Commercial 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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Mwalimu Commercial Bank Long-Term Capital Lease Obligation Chart

Mwalimu Commercial Bank Annual Data

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Long-Term Capital Lease Obligation

Mwalimu Commercial Bank Semi-Annual Data

Long-Term Capital Lease Obligation

Mwalimu Commercial Bank (DAR:MCB) 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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Mwalimu Commercial Bank (DAR:MCB) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mwalimu Commercial Bank PLC (DAR:MCB) » Definitions » Long-Term Capital Lease Obligation

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Address

Sam Nujoma Road, P.O. Box 61002, Mlimani Tower, Mezzanine Floor, Ubungo Municipality, Dar Es Salaam, TZA

Website

https://www.mwalimubank.co.tz

Mwalimu Commercial Bank PLC is a banking company in Tanzania. Its objective is to empower teachers and other civil servants economically to improve their living conditions and transform their lives.