Bahrain Islamic Bank BSC (BAH:BISB) Long-Term Capital Lease Obligation : BHD0.00 Mil (As of Mar. 2024)

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What is Bahrain Islamic Bank BSC Long-Term Capital Lease Obligation?

Bahrain Islamic Bank BSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was BHD0.00 Mil.

Bahrain Islamic Bank BSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bahrain Islamic Bank BSC'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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Bahrain Islamic Bank BSC Long-Term Capital Lease Obligation Chart

Bahrain Islamic Bank BSC Annual Data

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Long-Term Capital Lease Obligation

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Bahrain Islamic Bank BSC Quarterly Data
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Bahrain Islamic Bank BSC (BAH:BISB) 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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Bahrain Islamic Bank BSC (BAH:BISB) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bahrain Islamic Bank BSC (BAH:BISB) » Definitions » Long-Term Capital Lease Obligation

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Address

Road 1708, Diplomatic Area, P.O. Box 5240, Block 317, Building 722, Al Salam Tower, Manama, BHR

Website

https://www.bisb.com

Bahrain Islamic Bank BSC provides banking services with operations across the Kingdom of Bahrain in accordance with the teachings of the sharia law. The bank operates through the Corporate, Retail, and Investment segments. Through these segments, it handles equity of corporate investment account holders, corporate current accounts, provision of Islamic financing facilities, equity of individual retail customers' investment accountholders, equity of banks and financial institutions investment accountholders, trading, and treasury services, and provision of the money market. The company derives the majority of its revenues from its retail segment.

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