PT MSIG Life Insurance Indonesia Tbk (ISX:LIFE) Long-Term Capital Lease Obligation : Rp4,198 Mil (As of Mar. 2024)

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What is PT MSIG Life Insurance Indonesia Tbk Long-Term Capital Lease Obligation?

PT MSIG Life Insurance Indonesia Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp4,198 Mil.

PT MSIG Life Insurance Indonesia Tbk's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (Rp458 Mil) to Dec. 2023 (Rp6,235 Mil) but then declined from Dec. 2023 (Rp6,235 Mil) to Mar. 2024 (Rp4,198 Mil).

PT MSIG Life Insurance Indonesia Tbk's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (Rp9,641 Mil) to Dec. 2022 (Rp967 Mil) but then increased from Dec. 2022 (Rp967 Mil) to Dec. 2023 (Rp6,235 Mil).

PT MSIG Life Insurance Indonesia Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PT MSIG Life Insurance Indonesia Tbk'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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PT MSIG Life Insurance Indonesia Tbk Long-Term Capital Lease Obligation Chart

PT MSIG Life Insurance Indonesia Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34,054.00

9,641.00

967.00

6,235.00

PT MSIG Life Insurance Indonesia Tbk 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															436.00	447.00	458.00	6,235.00	4,198.00

PT MSIG Life Insurance Indonesia Tbk (ISX:LIFE) 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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PT MSIG Life Insurance Indonesia Tbk (ISX:LIFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PT MSIG Life Insurance Indonesia Tbk (ISX:LIFE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Mangga Dua Raya, Wisma Eka Jiwa, 8th-9th Floor, Jakarta Pusat, Jakarta, IDN, 10730

Website

https://www.sinarmasmsiglife.co.id

PT MSIG Life Insurance Indonesia Tbk Formerly PT Asuransi Jiwa Sinarmas MSIG Tbk is involved in the life insurance business. The company's products are diversified into six categories namely Term life insurance, Endowment, Whole life insurance, Health insurance, Personal accident insurance, and Unit link Insurance.