Thaire Life Assurance PCL (BKK:THREL) Long-Term Capital Lease Obligation : ฿3 Mil (As of Mar. 2024)

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What is Thaire Life Assurance PCL Long-Term Capital Lease Obligation?

Thaire Life Assurance PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿3 Mil.

Thaire Life Assurance PCL's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿3 Mil) to Dec. 2023 (฿2 Mil) but then increased from Dec. 2023 (฿2 Mil) to Mar. 2024 (฿3 Mil).

Thaire Life Assurance PCL's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (฿0 Mil) to Dec. 2022 (฿0 Mil) but then increased from Dec. 2022 (฿0 Mil) to Dec. 2023 (฿2 Mil).

Thaire Life Assurance PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Thaire Life Assurance PCL'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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Thaire Life Assurance PCL Long-Term Capital Lease Obligation Chart

Thaire Life Assurance PCL Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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0.77

2.31

Thaire Life Assurance PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	2.99	2.31	2.73

Thaire Life Assurance PCL (BKK:THREL) 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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Thaire Life Assurance PCL (BKK:THREL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thaire Life Assurance PCL (BKK:THREL) » Definitions » Long-Term Capital Lease Obligation

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Address

Ratchadapisek Road, No. 48/15 Soi Ratchadapisek 20, Samsennok Sub-district, Huaykwang District, Bangkok, THA, 10310

Website

https://www.thairelife.co.th

Thaire Life Assurance PCL is a local reinsurer in Thailand. The company is engaged in the provision of life reinsurance such as ordinary life, group life, credit life and personal accident and health. It operates through the Conventional and Non-Conventional product segments. The conventional product line includes products that are already available in the market. The non-conventional products refer to new types of products, which are introduced by the group in cooperation with other life insurance companies. Geographically the activities are functioned through Thailand.

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