Agricultural Development Bank (XGHA:ADB) Long-Term Capital Lease Obligation : GHS0.0 Mil (As of Sep. 2023)

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What is Agricultural Development Bank Long-Term Capital Lease Obligation?

Agricultural Development Bank's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was GHS0.0 Mil.

Agricultural Development Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Agricultural Development 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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Agricultural Development Bank Long-Term Capital Lease Obligation Chart

Agricultural Development Bank Annual Data

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Long-Term Capital Lease Obligation

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Agricultural Development Bank Quarterly Data
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Agricultural Development Bank (XGHA:ADB) 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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Agricultural Development Bank (XGHA:ADB) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Development Bank Ltd (XGHA:ADB) » Definitions » Long-Term Capital Lease Obligation

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Address

Accra Financial Centre, P.O. Box 4191, Ridge, 3rd Ambassadorial Development Area, Accra, GHA

Website

https://www.agricbank.com

Agricultural Development Bank Ltd is a universal bank offering a full range of banking products and services. The company's operating segment includes Corporate Banking, Retail Banking, and Central Treasurys. Corporate Banking includes loans, deposits, and other transactions and balances with corporate customers including the Agricultural sector. Retail Banking includes loans, deposits, and other transactions and balances with retail customers. The central Treasury segment undertakes the Bank's funding and centralised risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes, and investing in liquid assets such as short-term placements and corporate and government debt securities.

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