Al-Hamraa Insurance (IQS:NHAM) Long-Term Capital Lease Obligation : ع.د0.00 Mil (As of . 20)

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What is Al-Hamraa Insurance Long-Term Capital Lease Obligation?

Al-Hamraa Insurance's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ع.د0.00 Mil.

Al-Hamraa Insurance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al-Hamraa Insurance'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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Al-Hamraa Insurance Long-Term Capital Lease Obligation Chart

Al-Hamraa Insurance Annual Data

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Al-Hamraa Insurance (IQS:NHAM) 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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Al-Hamraa Insurance (IQS:NHAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Hamraa Insurance (IQS:NHAM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Street 23, Building 27, P.O. Box 10491, Arrest Al-Hindia, District 929, Karrada, Baghdad, IRQ

Website

https://www.alhamraains.com

Al-Hamraa Insurance is engaged in the underwriting of all general insurance classes and life insurance products. Its client base includes organizations and individuals living and working in Iraq. It offers life and annuities insurance, health/medical insurance, car/vehicle insurance, aviation insurance, financial reinsurance, guaranteed asset protection insurance, group insurance, marine insurance/shipping insurance, travel insurance, liability insurance/professional liability insurance, and property and casualty insurance.

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