PT Lippo General Insurance Tbk (ISX:LPGI) Long-Term Capital Lease Obligation : Rp1,921 Mil (As of Mar. 2024)

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What is PT Lippo General Insurance Tbk Long-Term Capital Lease Obligation?

PT Lippo General Insurance Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp1,921 Mil.

PT Lippo General Insurance Tbk's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (Rp2,380 Mil) to Dec. 2023 (Rp1,931 Mil) and declined from Dec. 2023 (Rp1,931 Mil) to Mar. 2024 (Rp1,921 Mil).

PT Lippo General Insurance Tbk's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (Rp1,439 Mil) to Dec. 2022 (Rp128 Mil) but then increased from Dec. 2022 (Rp128 Mil) to Dec. 2023 (Rp1,931 Mil).

PT Lippo General Insurance Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PT Lippo General Insurance 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 Lippo General Insurance Tbk Long-Term Capital Lease Obligation Chart

PT Lippo General Insurance Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,224.44

1,438.85

127.56

1,930.60

PT Lippo General Insurance 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															3,034.77	2,702.22	2,380.00	1,930.60	1,921.14

PT Lippo General Insurance Tbk (ISX:LPGI) 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.

PT Lippo General Insurance Tbk Long-Term Capital Lease Obligation Related Terms

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PT Lippo General Insurance Tbk (ISX:LPGI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PT Lippo General Insurance Tbk (ISX:LPGI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Jalan HR Rasuna Said Kav B-12, Gedung Lippo Kuningan Building 27th Floor Unit A & F, Jakarta, IDN, 12940

Website

https://www.lippoinsurance.com

PT Lippo General Insurance Tbk is a company engaged in the provision of general insurance services. It provides Fire insurance, Motor Vehicle insurance, Marine Cargo insurance, Health insurance, Life and death insurance, and other insurance products. Geographically, the group carries operations in Indonesia in the areas of Jabodetabek, Sumatera, Jawa Timur, Jawa Barat, Jawa Tengah, Makassar, Bali and Balikpapan. It derives key revenue from the Health insurance division.

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