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Banco Provincial (CAR:BPV) Long-Term Capital Lease Obligation : VES0 Mil (As of Jun. 2023)


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What is Banco Provincial Long-Term Capital Lease Obligation?

Banco Provincial's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was VES0 Mil.


Banco Provincial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Banco Provincial'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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Banco Provincial Long-Term Capital Lease Obligation Chart

Banco Provincial Annual Data
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Long-Term Capital Lease Obligation
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Banco Provincial Semi-Annual Data
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Banco Provincial  (CAR:BPV) 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.

Banco Provincial Long-Term Capital Lease Obligation Related Terms

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Banco Provincial (CAR:BPV) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Urbanisation San Bernardino Avenue East West, Provincial Financial Center, Caracas, VEN
Banco Provincial SA operates as a bank in Venezuela. The company offers Current, Savings, Foreign currency accounts, mutual funds, Gold credit card, Classic Credit card, debit cards. It also provides various banking services which include personal loans, mortgage loan, vehicle loans, flexible credit to its customers in Venezuela.

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