Insurance House PSC (ADX:IH) Long-Term Capital Lease Obligation : د.إ0.0 Mil (As of Sep. 2023)

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What is Insurance House PSC Long-Term Capital Lease Obligation?

Insurance House PSC's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was د.إ0.0 Mil.

Insurance House PSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Insurance House 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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Insurance House PSC Long-Term Capital Lease Obligation Chart

Insurance House PSC Annual Data

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Long-Term Capital Lease Obligation

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Insurance House PSC Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Insurance House PSC (ADX:IH) 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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Insurance House PSC (ADX:IH) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Insurance House PSC (ADX:IH) » Definitions » Long-Term Capital Lease Obligation

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Address

Finance House Building, Zayed 1st Street, P.O.Box 129921, Khalidiya Area, Abu Dhabi, ARE

Website

https://www.insurancehouse.ae

Insurance House PSC provides various non-life insurance products in the United Arab Emirates. The products and services offered by the company include accidents and civil responsibility insurance, land, marine and air transportation, dangers insurance and health insurance. The company is organized into two business segments comprising Underwriting of general insurance business and Investments. Underwriting of general insurance business segment incorporates all classes of general insurance, fire, marine, motor, general accident and medical. Investments segment incorporates investments in UAE marketable equity securities, term deposits with banks, overseas managed portfolios, and other securities.