MCB Group (XMAU:MCBG.P0000.PFD) Long-Term Capital Lease Obligation : MUR0.00 Mil (As of Dec. 2024)

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What is MCB Group Long-Term Capital Lease Obligation?

MCB Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was MUR0.00 Mil.

MCB Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for MCB Group'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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MCB Group Long-Term Capital Lease Obligation Chart

MCB Group Annual Data

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Long-Term Capital Lease Obligation

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MCB Group Quarterly Data
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MCB Group (XMAU:MCBG.P0000.PFD) 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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MCB Group Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MCB Group Ltd (XMAU:MCBG.P0000.PFD) » Definitions » Long-Term Capital Lease Obligation

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MCBG:Mauritius

Address

9-15, Sir William Newton Street, Port Louis, MUS

Website

https://www.mcbgroup.com

MCB Group Ltd is an integrated financial services provider based in Mauritius. Its core business is to provide banking and non-banking solutions through its local and foreign subsidiaries and associates. The company serves its customer by providing saving and fixed deposit schemes, loans, advances, insurance, credit facilities for the day-to-day needs of various customer segments, including high net worth clients. It also focuses on catering to customers across the globe by providing international financial services to gain foreign source income. The company's operating segment include Banking; Non-Banking Financial and Other Investments. It generates maximum revenue from the Banking segment.

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