Global Islami Bank (DHA:GIB) Long-Term Capital Lease Obligation : BDT0 Mil (As of Sep. 2024)

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

Global Islami Bank's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was BDT0 Mil.

Global Islami Bank Long-Term Capital Lease Obligation Historical Data

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

Global Islami Bank Annual Data

Trend

Long-Term Capital Lease Obligation

Global Islami Bank Quarterly Data
	Jun23	Sep23	Jun24	Sep24
Long-Term Capital Lease Obligation	-	-	-	-

Global Islami Bank (DHA:GIB) 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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Global Islami Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Global Islami Bank PLC (DHA:GIB) » Definitions » Long-Term Capital Lease Obligation

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Address

Road No:136, Block: S.E(C-1), Saiham Tower, House No:34, Gulshan Model Town, Dhaka, BGD, 1212

Website

https://www.globalislamibankbd.com

Global Islami Bank PLC is a commercial bank providing all kinds of banking services. It offers a wide range of banking products and services based on islami shariah principles to corporate, SME, and retail customers through a variety of delivery channels. The core business of the bank is deposit mobilization and investment activities for short-term, longterm including foreign trade business.