National Bank of Kuwait - Egypt (CAI:NBKE) Long-Term Capital Lease Obligation : E£0 Mil (As of Dec. 2022)

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What is National Bank of Kuwait - Egypt Long-Term Capital Lease Obligation?

National Bank of Kuwait - Egypt's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was E£0 Mil.

National Bank of Kuwait - Egypt Long-Term Capital Lease Obligation Historical Data

The historical data trend for National Bank of Kuwait - Egypt'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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National Bank of Kuwait - Egypt Long-Term Capital Lease Obligation Chart

National Bank of Kuwait - Egypt Annual Data

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Long-Term Capital Lease Obligation

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National Bank of Kuwait - Egypt Quarterly Data
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National Bank of Kuwait - Egypt (CAI:NBKE) 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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National Bank of Kuwait - Egypt (CAI:NBKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Kuwait - Egypt (CAI:NBKE) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Plot No:155, City Centre, First Sector, 5th Settlement, New Cairo, EGY

Website

https://www.nbk.com

National Bank of Kuwait - Egypt is an Egypt-based public shareholding company. It provides corporate, retail, and investment banking products and services to individuals, corporate, and institutional clients in the Arab Republic of Egypt and the Middle East. The bank's services are structured into retail banking, Islamic banking, corporate banking, and the financial Market divisions. The bank offers its products and services to individuals, corporate and institutional clients, through a network of branches located in Egypt, in cities such as Cairo, Giza, Alexandria, Sohaj, and others.

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