Bank AlJazira (SAU:1020) Long-Term Capital Lease Obligation : ﷼0 Mil (As of Mar. 2024)

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What is Bank AlJazira Long-Term Capital Lease Obligation?

Bank AlJazira's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼0 Mil.

Bank AlJazira Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bank AlJazira'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 AlJazira Long-Term Capital Lease Obligation Chart

Bank AlJazira Annual Data

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Long-Term Capital Lease Obligation

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

Bank AlJazira (SAU:1020) 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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Bank AlJazira (SAU:1020) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank AlJazira (SAU:1020) » Definitions » Long-Term Capital Lease Obligation

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Address

7724 King Abdulaziz Road, P.O Box 6277, Al-Shatea District, Jeddah, SAU, 21442

Website

https://www.baj.com.sa

Bank AlJazira provides banking services. The Group is organized into the following main operating segments: Personal banking Deposit includes credit and investment products for individuals. Corporate banking includes Financing, deposits and other credit products for corporate, small to medium sized business and institutional customers. Treasury includes money market, foreign exchange, trading and treasury services. Brokerage and asset management provides shares brokerage services to customers (this segment includes the activities of the Bank's subsidiary AlJazira Capital Company). All of the group's operations are based in the Kingdom of Saudi Arabia, GCC and Middle East, Europe, North America, South East Asia and Other countries.

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