Allied Bank (KAR:ABL) Long-Term Capital Lease Obligation : ₨0 Mil (As of Mar. 2024)

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What is Allied Bank Long-Term Capital Lease Obligation?

Allied Bank's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨0 Mil.

Allied Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Allied 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.
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Allied Bank Long-Term Capital Lease Obligation Chart

Allied Bank Annual Data

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Long-Term Capital Lease Obligation

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Allied Bank Quarterly Data
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Allied Bank (KAR:ABL) 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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Allied Bank (KAR:ABL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Allied Bank Ltd (KAR:ABL) » Definitions » Long-Term Capital Lease Obligation

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Address

3 Tipu Block, New Garden Town, Main Boulevard, Lahore, PB, PAK, 54000

Website

https://www.abl.com

Allied Bank Ltd is a scheduled bank engaged in providing commercial banking and related services. It offers financial products and services to medium and large-sized public and private sector entities and overseas including corporate advisory, underwriting, cash management, trade products, corporate finance products, arranging tenured financing and customer service. It also provides for treasury and money market activities; providing retail banking services to consumers, small and medium enterprises; loans and deposits to commercial and retail customers. The bank's segments are Corporate and Investment Banking; Trading and Sales; Commercial and retail banking; Islamic banking; Asset management company and Others. Majority of revenue is derived from Commercial and Retail Banking segment.