Central Reinsurance (TPE:2851) Long-Term Capital Lease Obligation : NT$1 Mil (As of Mar. 2024)

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What is Central Reinsurance Long-Term Capital Lease Obligation?

Central Reinsurance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1 Mil.

Central Reinsurance's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (NT$1 Mil) to Dec. 2023 (NT$1 Mil) and declined from Dec. 2023 (NT$1 Mil) to Mar. 2024 (NT$1 Mil).

Central Reinsurance's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$1 Mil) to Dec. 2022 (NT$2 Mil) but then declined from Dec. 2022 (NT$2 Mil) to Dec. 2023 (NT$1 Mil).

Central Reinsurance Long-Term Capital Lease Obligation Historical Data

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

Central Reinsurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.61

0.38

1.35

1.82

1.29

Central Reinsurance 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															1.69	1.56	1.42	1.29	1.15

Central Reinsurance (TPE:2851) 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.

Central Reinsurance Long-Term Capital Lease Obligation Related Terms

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Central Reinsurance (TPE:2851) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Central Reinsurance Corp (TPE:2851) » Definitions » Long-Term Capital Lease Obligation

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Address

Section 2, Nanjing East Road, 12th Floor, No. 53, Zhongshan District, Taipei, TWN, 10457

Website

https://www.centralre.com

Central Reinsurance Corp is an insurance company providing a range of property and life inward and outward reinsurance services. Central Reinsurance offers reinsurance protection on non-life insurance businesses, including fire, marine and aviation, casualty, motor, engineering, and residential earthquake insurance; and life insurance business including life, personal accident, and health insurance. The main source of revenue for the company is premiums and commission income.

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