Erbil Bank for Investment & Finance (IQS:BERI) Long-Term Capital Lease Obligation : ع.د0.00 Mil (As of . 20)

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What is Erbil Bank for Investment & Finance Long-Term Capital Lease Obligation?

Erbil Bank for Investment & Finance's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ع.د0.00 Mil.

Erbil Bank for Investment & Finance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Erbil Bank for Investment & Finance'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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Erbil Bank for Investment & Finance Long-Term Capital Lease Obligation Chart

Erbil Bank for Investment & Finance Annual Data

Trend

Long-Term Capital Lease Obligation

Erbil Bank for Investment & Finance Semi-Annual Data

Long-Term Capital Lease Obligation

Erbil Bank for Investment & Finance (IQS:BERI) 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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Erbil Bank for Investment & Finance (IQS:BERI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Erbil Bank for Investment & Finance (IQS:BERI) » Definitions » Long-Term Capital Lease Obligation

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Address

Khanqa Street, opposite the Ministry of Municipalities, P.O. Box 20/384, Erbil, IRQ

Website

https://www.ebif.iq

Erbil Bank for Investment & Finance is a financial services organization that provides its presence in the banking sector through services offered to customers. The company offers products such as Banking accounts, Erbil bank cards, Internal and foreign remittances, Mobile banking, and credit services.