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

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What is MCB Bank Long-Term Capital Lease Obligation?

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

MCB Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for MCB 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.
* 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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MCB Bank Long-Term Capital Lease Obligation Chart

MCB Bank Annual Data

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Long-Term Capital Lease Obligation

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MCB Bank Quarterly Data
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MCB Bank (KAR:MCB) 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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MCB Bank (KAR:MCB) Business Description

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

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Address

15-Main Gulberg, Jail Road, MCB House, Gulburg, Lahore, PB, PAK

Website

https://www.mcb.com.pk

MCB Bank Ltd is a commercial banking company operating in Pakistan. The bank provides services through its segments such as Retail Banking, Corporate Banking, Consumer Banking, Treasury, and International banking. The majority of the bank's revenues are generated from the Retail banking segment, which includes retail lending and deposits, banking services, cards, and branchless banking. Retail banking offers services such as retail and private lending & deposits and other banking services offered to individual customers and small and medium-term companies. MCB Bank derives majority of its business from its domestic operations. It also has branches across South Asia and the Middle East.