Gulf Commercial Bank (Al-Kaleej Bank) (IQS:BGUC) Long-Term Capital Lease Obligation : ع.د0.00 Mil (As of . 20)

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What is Gulf Commercial Bank (Al-Kaleej Bank) Long-Term Capital Lease Obligation?

Gulf Commercial Bank (Al-Kaleej Bank)'s Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ع.د0.00 Mil.

Gulf Commercial Bank (Al-Kaleej Bank) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gulf Commercial Bank (Al-Kaleej 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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Gulf Commercial Bank (Al-Kaleej Bank) Long-Term Capital Lease Obligation Chart

Gulf Commercial Bank (Al-Kaleej Bank) Annual Data

Trend

Long-Term Capital Lease Obligation

Gulf Commercial Bank (Al-Kaleej Bank) Quarterly Data

Long-Term Capital Lease Obligation

Gulf Commercial Bank (Al-Kaleej Bank) (IQS:BGUC) 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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Gulf Commercial Bank (Al-Kaleej Bank) (IQS:BGUC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gulf Commercial Bank (Al-Kaleej Bank) (IQS:BGUC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Al-Sadoon Street, Building 27, Sector 903, Opposite to Al-Alawiyya Exchange, Baghdad, IRQ

Website

https://www.gcb.iq

Gulf Commercial Bank (Al-Kaleej Bank) provides banking services. It is based in Baghdad in Iraq. It has more than fifteen branches. It offers retail banking services, such as current and saving accounts, personal loans, and currency and credit cards. The company also provides wholesale commercial financing, project and structured financing, syndication and agency, Shariah-compliant banking, and global transaction banking services.

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