Al Taif Islamic Bank for Investment & Fi (IQS:BTIB) Long-Term Capital Lease Obligation : ع.د0.00 Mil (As of . 20)

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What is Al Taif Islamic Bank for Investment & Fi Long-Term Capital Lease Obligation?

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

Al Taif Islamic Bank for Investment & Fi Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al Taif Islamic Bank for Investment & Fi'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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Al Taif Islamic Bank for Investment & Fi Long-Term Capital Lease Obligation Chart

Al Taif Islamic Bank for Investment & Fi Annual Data

Trend

Long-Term Capital Lease Obligation

Al Taif Islamic Bank for Investment & Fi Semi-Annual Data

Long-Term Capital Lease Obligation

Al Taif Islamic Bank for Investment & Fi (IQS:BTIB) 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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Al Taif Islamic Bank for Investment & Fi Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Al Taif Islamic Bank for Investment & Fi (IQS:BTIB) » Definitions » Long-Term Capital Lease Obligation

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Address

Al-Karada, Baghdad, IRN

Website

https://www.taifib.iq

Al Taif Islamic Bank for Investment & Fi operates within the Banks sector focusing on Commercial & Retail Banks. It offers various products and services including Money transfers, Online payment, Housing Murabaha, and types of accounts comprising savings accounts, current accounts, investment accounts, corporate accounts, and Al shatter accounts.

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