Zambia National Commercial Bank (LUS:ZANACO) Long-Term Capital Lease Obligation : ZMW0.00 Mil (As of . 20)

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What is Zambia National Commercial Bank Long-Term Capital Lease Obligation?

Zambia National Commercial Bank's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ZMW0.00 Mil.

Zambia National Commercial Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zambia National Commercial 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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Zambia National Commercial Bank Long-Term Capital Lease Obligation Chart

Zambia National Commercial Bank Annual Data

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Long-Term Capital Lease Obligation

Zambia National Commercial Bank Semi-Annual Data

Long-Term Capital Lease Obligation

Zambia National Commercial Bank (LUS:ZANACO) 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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Zambia National Commercial Bank (LUS:ZANACO) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zambia National Commercial Bank PLC (LUS:ZANACO) » Definitions » Long-Term Capital Lease Obligation

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Address

Cairo Road, Plot 2118 - 2121, P.O Box 33611, Lusaka, ZMB

Website

https://www.zanaco.co.zm

Zambia National Commercial Bank PLC offers commercial banking services. The company's segment includes Corporate Banking; Business Banking; Retail Banking; Digital Banking and Treasury. It generates maximum revenue from the Corporate Banking segment. The Corporate Banking segment provides corporate and investment banking solutions which incorporate direct debit facilities, deposits products, overdrafts, loans and other credit facilities, and foreign currency solutions.

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