Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Long-Term Capital Lease Obligation : $0 Mil (As of Jun. 2023)

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What is Mizrahi Tefahot Bank Long-Term Capital Lease Obligation?

Mizrahi Tefahot Bank's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0 Mil.

Mizrahi Tefahot Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mizrahi Tefahot 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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Mizrahi Tefahot Bank Long-Term Capital Lease Obligation Chart

Mizrahi Tefahot Bank Annual Data

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Long-Term Capital Lease Obligation

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Mizrahi Tefahot Bank Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Mizrahi Tefahot Bank (OTCPK:MZTFF) 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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Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizrahi Tefahot Bank Ltd (OTCPK:MZTFF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MZTF:Israel

Address

7 Jabotinsky Street, P.O. Box 3450, Ramat Gan, ISR, 5252007

Website

https://www.mizrahi-tefahot.co.il

Mizrahi Tefahot Bank Ltd offers commercial and personal banking services. The company reports seven core segments: household, consisting of individuals with assets less than ILS 3 million in assets; private banking, consisting of individuals with financial assets greater than ILS 3 million; micro and small business; medium business; large business; institutional investor, servicing asset managers, fund managers, and insurance companies; and financial management, including trade operations, asset, and liability management, and miscellaneous investments. Approximately half of the company's total revenue comes from the household segment. The company operates through a branch network spanning Israel, Europe, and the Americas.