Askari Bank (KAR:AKBL) Long-Term Capital Lease Obligation : ₨0 Mil (As of Mar. 2024)

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What is Askari Bank Long-Term Capital Lease Obligation?

Askari Bank's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨0 Mil.

Askari Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Askari Bank'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.
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Askari Bank Long-Term Capital Lease Obligation Chart

Askari Bank Annual Data

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Long-Term Capital Lease Obligation

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Askari Bank Quarterly Data
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Askari Bank (KAR:AKBL) 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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Askari Bank (KAR:AKBL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Askari Bank Ltd (KAR:AKBL) » Definitions » Long-Term Capital Lease Obligation

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Address

AWT Plaza, The Mall, P.O. Box No. 1084, Rawalpindi, PB, PAK, 46000

Website

http://www.askaribank.com

Askari Bank Ltd operates as a bank in Pakistan. The bank operates its business through segments namely Branch banking; Corporate banking; Treasury; Consumer banking; Islamic banking; Foreign operations; and Other. It generates maximum revenue from the Branch banking segment. The Branch banking segment consists of loans, deposits, and other banking services including branchless banking services to small enterprises, medium enterprises, agriculture, and individual customers. Geographically, it derives a majority of its revenue from Pakistan.

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