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CaixaBank (MEX:CABK) Long-Term Capital Lease Obligation : MXN0 Mil (As of Jun. 2024)


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What is CaixaBank Long-Term Capital Lease Obligation?

CaixaBank's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was MXN0 Mil.


CaixaBank Long-Term Capital Lease Obligation Historical Data

The historical data trend for CaixaBank'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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CaixaBank Long-Term Capital Lease Obligation Chart

CaixaBank Annual Data
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Long-Term Capital Lease Obligation
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CaixaBank Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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CaixaBank  (MEX:CABK) 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.

CaixaBank Long-Term Capital Lease Obligation Related Terms

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CaixaBank Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CaixaBank SA (MEX:CABK) » Definitions » Long-Term Capital Lease Obligation
Address
Calle Pintor Sorolla, 2-4, Valencia, ESP, 46002
CaixaBank SA is a Spanish bank that combines banking, insurance, and equity investment businesses. Its operations include retail banking, corporate banking, cash management, surplus management, and the allocation of income from financing the equity investment business. It consists of business segments of the Banking and insurance business, BPI, and Corporate center. The majority of its revenue comes from the Banking and insurance business. It has a geographic presence in Spain, Portugal, America, the Rest of the European Union, and the Rest of the world. In which Spain generates the majority of its revenue.

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