Commercial International Bank - Egypt CIB (LSE:CBKD) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2024)

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What is Commercial International Bank - Egypt CIB Long-Term Capital Lease Obligation?

Commercial International Bank - Egypt CIB's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil.

Commercial International Bank - Egypt CIB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Commercial International Bank - Egypt CIB'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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Commercial International Bank - Egypt CIB Long-Term Capital Lease Obligation Chart

Commercial International Bank - Egypt CIB Annual Data

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Long-Term Capital Lease Obligation

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Commercial International Bank - Egypt CIB Quarterly Data
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Commercial International Bank - Egypt CIB (LSE:CBKD) 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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Commercial International Bank - Egypt CIB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commercial International Bank - Egypt CIB (LSE:CBKD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CIBEY:USA CBKDl:UK COMI:Egypt CIN:Germany

Address

21/23 Charles De Gaulle Street, Nile Tower Building, Giza, EGY

Website

https://www.cibeg.com

Commercial International Bank - Egypt CIB provides retail, corporate, and investment banking services in different part of Egypt. Its segments include; Corporate banking & SME's, Investment, Retail banking, and Assets and liabilities management. The majority of the revenue for the company is generated from its Corporate banking & SME's segment which includes current account activities, deposits, overdrafts, loans, credit facilities, and financial derivatives to large, medium, and small entities, currency and derivative products.

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