Bank of Baghdad (IQS:BBOB) Long-Term Capital Lease Obligation : ع.د0.00 Mil (As of . 20)

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What is Bank of Baghdad Long-Term Capital Lease Obligation?

Bank of Baghdad's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ع.د0.00 Mil.

Bank of Baghdad Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of Baghdad'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.
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Bank of Baghdad Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation

Bank of Baghdad (IQS:BBOB) 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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Bank of Baghdad (IQS:BBOB) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Baghdad (IQS:BBOB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Street 17, Building 12, Sector 903, P.O. Box 3192, Al Karada, Near National Theatre, Baghdad, IRQ

Website

https://www.bankofbaghdad.com.iq

Bank of Baghdad operates as a commercial bank. The company offers deposit, savings and payroll accounts, personal loans, industrial and trade loans, residential mortgages, asset management, remittance transfer, electronic banking, and ATM services among others.

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