Sanlam (NAM:SLA) Long-Term Capital Lease Obligation : R1,141 Mil (As of Dec. 2023)

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What is Sanlam Long-Term Capital Lease Obligation?

Sanlam's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R1,141 Mil.

Sanlam's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (R1,030 Mil) to Jun. 2023 (R1,461 Mil) but then declined from Jun. 2023 (R1,461 Mil) to Dec. 2023 (R1,141 Mil).

Sanlam's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R1,789 Mil) to Dec. 2022 (R1,030 Mil) but then increased from Dec. 2022 (R1,030 Mil) to Dec. 2023 (R1,141 Mil).

Sanlam Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sanlam'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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Sanlam Long-Term Capital Lease Obligation Chart

Sanlam Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,664.00

1,438.00

1,789.00

1,030.00

1,141.00

Sanlam Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,789.00	1,540.00	1,030.00	1,461.00	1,141.00

Sanlam (NAM:SLA) 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.

Sanlam Long-Term Capital Lease Obligation Related Terms

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Sanlam (NAM:SLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sanlam Ltd (NAM:SLA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SLM:South Africa SLMAF:USA SLLDY:USA LA6A:Germany

Address

2 Strand Road, Bellville, ZAF, 7530

Website

https://www.sanlam.com

Sanlam sells multiple insurance products and provides a variety of investment and wealth management services. Its products and services are organized into five categories: life insurance, general insurance, investment management, credit and structuring, and administration, health, and other. Life and general insurance products include life, disability, medical, vehicle, home, building, and all risk. Investment management services include retail savings, asset management, and wealth management. Credit and structuring services include debt investments in business. The administration, health, and other services include estate planning, trusts, wills, unsecured lending, and health management. The majority of revenue comes from Africa.

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