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African Export-Import Bank (XMAU:AEIB.N0004) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)


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What is African Export-Import Bank Long-Term Capital Lease Obligation?

African Export-Import Bank's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

African Export-Import Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for African Export-Import 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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African Export-Import Bank Long-Term Capital Lease Obligation Chart

African Export-Import Bank Annual Data
Trend
Long-Term Capital Lease Obligation

African Export-Import Bank Semi-Annual Data
Long-Term Capital Lease Obligation

African Export-Import Bank  (XMAU:AEIB.N0004) 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.

African Export-Import Bank Long-Term Capital Lease Obligation Related Terms

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African Export-Import Bank (XMAU:AEIB.N0004) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » African Export-Import Bank (XMAU:AEIB.N0004) » Definitions » Long-Term Capital Lease Obligation
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Address
72 (B) El Maahad El Eshteraky Street Roxy, Heliopolis, Cairo, EGY, 11341
Website
https://www.afreximbank.com
African Export-Import Bank is a supranational financial institution that facilitates, promotes and expands intra and extra-African trade. Its functions include extending credit to eligible African exporters by providing pre- and post-shipment finance; extending indirect credit to African exporters and importers of African goods through the intermediary of banks and other African financial institutions; leveraging external financing through syndication; promoting and financing trade between African states and other developing states; acting as intermediary between African exporters and African and non-African importers through the issuance of letters of credit, guarantees and other trade documents in support of export-import transactions; among others.

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