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Bank of Georgia Group (LSE:BGEO) Long-Term Capital Lease Obligation : £0.0 Mil (As of Dec. 2023)


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What is Bank of Georgia Group Long-Term Capital Lease Obligation?

Bank of Georgia Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.0 Mil.


Bank of Georgia Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank of Georgia Group'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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Bank of Georgia Group Long-Term Capital Lease Obligation Chart

Bank of Georgia Group Annual Data
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Long-Term Capital Lease Obligation
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Bank of Georgia Group Quarterly Data
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Bank of Georgia Group  (LSE:BGEO) 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.

Bank of Georgia Group Long-Term Capital Lease Obligation Related Terms

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Bank of Georgia Group (LSE:BGEO) Business Description

Industry
Traded in Other Exchanges
Address
42 Brook Street, London, GBR, W1K 5DB
Bank of Georgia Group PLC offers banking services. The company through its banking divisions involves in various business which includes retail banking and payment services, corporate investment banking and wealth management operations, and banking operations in Belarus which forms the core entity of the group's banking business. The Bank has operating outlets in all cities of Georgia.

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