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Mousil Bank For Development & Investment (IQS:BMFI) Long-Term Capital Lease Obligation : ع.د0.00 Mil (As of . 20)


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What is Mousil Bank For Development & Investment Long-Term Capital Lease Obligation?

Mousil Bank For Development & Investment's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ع.د0.00 Mil.


Mousil Bank For Development & Investment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mousil Bank For Development & Investment'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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Mousil Bank For Development & Investment Long-Term Capital Lease Obligation Chart

Mousil Bank For Development & Investment Annual Data
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Mousil Bank For Development & Investment Quarterly Data
Long-Term Capital Lease Obligation

Mousil Bank For Development & Investment  (IQS:BMFI) 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.

Mousil Bank For Development & Investment Long-Term Capital Lease Obligation Related Terms

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Mousil Bank For Development & Investment (IQS:BMFI) Business Description

Traded in Other Exchanges
N/A
Address
Al-Nidhal Street, Near the White Palace, Baghdad, IRQ
Mousil Bank For Development & Investment provides commercial banking products and services. It offers documentary credit and foreign transfers, drafts of trade discounting, and bill issuance, among others. It also provides credit facilities that include cash loans and credits for individuals; corporates with commercial, industrial, agricultural, and tourism activities; and infrastructure projects and utilities.

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