Oman Arab BankOC (MUS:OAB) Long-Term Capital Lease Obligation : ر.ع0.0 Mil (As of Dec. 2023)

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What is Oman Arab BankOC Long-Term Capital Lease Obligation?

Oman Arab BankOC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع0.0 Mil.

Oman Arab BankOC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oman Arab BankOC'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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Oman Arab BankOC Long-Term Capital Lease Obligation Chart

Oman Arab BankOC Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

Oman Arab BankOC Quarterly Data
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Oman Arab BankOC (MUS:OAB) 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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Oman Arab BankOC (MUS:OAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oman Arab Bank SAOC (MUS:OAB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

North Al Ghoubra, P.O. Box 2240, Al-Udhayabah, Muscat, OMN, 130

Website

https://www.oman-arabbank.com

Oman Arab Bank SAOC is a provider of banking services in Oman. Its segments are Retail banking; Corporate banking; Treasury; Islamic Banking and Others. The company generates maximum revenue from the Retail banking segment. Its Retail banking Individual personal loan, overdraft, credit card, and funds transfer facilities.

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