Commercial Bank of Dubai PSC (DFM:CBD) Long-Term Capital Lease Obligation : د.إ0 Mil (As of Mar. 2024)

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What is Commercial Bank of Dubai PSC Long-Term Capital Lease Obligation?

Commercial Bank of Dubai PSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ0 Mil.

Commercial Bank of Dubai PSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Commercial Bank of Dubai PSC'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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Commercial Bank of Dubai PSC Long-Term Capital Lease Obligation Chart

Commercial Bank of Dubai PSC Annual Data

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Long-Term Capital Lease Obligation

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Commercial Bank of Dubai PSC Quarterly Data
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Commercial Bank of Dubai PSC (DFM:CBD) 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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Commercial Bank of Dubai PSC (DFM:CBD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commercial Bank of Dubai PSC (DFM:CBD) » Definitions » Long-Term Capital Lease Obligation

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Address

Al Ittihad Street, P.O. Box 2668, Dubai, ARE

Website

http://www.cbd.ae

Commercial Bank of Dubai PSC is a banking firm operating in the United Arab Emirates. The company's operating segments include Institutional banking, Corporate banking, Personal banking, and Trading and Other. It generates maximum revenue from the Corporate banking segment. The company services include a current account, savings account, and deposits. Its borrowing services comprise personal loans, home loans, car loans, and credit card facilities of various types. Under its protection portfolio, the bank provides general insurance, life insurance and safe deposit services and its investment services include asset management, financial economy and international investment plans.

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