Credicorp (Credicorp) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2023)

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What is Credicorp Long-Term Capital Lease Obligation?

Credicorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0 Mil.

Credicorp's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($199 Mil) to Dec. 2021 ($174 Mil) and declined from Dec. 2021 ($174 Mil) to Dec. 2022 ($154 Mil).

Credicorp Long-Term Capital Lease Obligation Historical Data

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

Credicorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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220.44

199.31

174.01

153.50

Credicorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															153.50	-	-	-	-

Credicorp (NYSE:BAP) 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.

Credicorp Long-Term Capital Lease Obligation Related Terms

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Credicorp (Credicorp) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credicorp Ltd (NYSE:BAP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

BAP:Peru

Address

Calle Centenario 156, La Molina, Lima, PER, 12

Website

https://www.grupocredicorp.com

Credicorp Ltd is a financial services company in Peru. The company is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. It also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and securitization services, trading and investment, and pension fund business. The company operates the following subsidiaries: Banco de Credito del Peru, Atlantic Security Bank, Prima AFP, El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, Credicorp Capital, and BCP Bolivia.