Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Long-Term Capital Lease Obligation : د.إ0 Mil (As of Mar. 2024)

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What is Abu Dhabi National Insurance Co PJSC Long-Term Capital Lease Obligation?

Abu Dhabi National Insurance Co PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ0 Mil.

Abu Dhabi National Insurance Co PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Abu Dhabi National Insurance Co PJSC'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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Abu Dhabi National Insurance Co PJSC Long-Term Capital Lease Obligation Chart

Abu Dhabi National Insurance Co PJSC Annual Data

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Long-Term Capital Lease Obligation

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Abu Dhabi National Insurance Co PJSC Quarterly Data
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Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) 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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Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) » Definitions » Long-Term Capital Lease Obligation

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Address

Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE

Website

https://www.adnic.ae

Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporates. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the maximum of its premiums from the commercial segment.

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