Abu Dhabi National Takaful Co PSC (ADX:TKFL) Long-Term Capital Lease Obligation : د.إ0.0 Mil (As of Dec. 2023)

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What is Abu Dhabi National Takaful Co PSC Long-Term Capital Lease Obligation?

Abu Dhabi National Takaful Co PSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ0.0 Mil.

Abu Dhabi National Takaful Co PSC Long-Term Capital Lease Obligation Historical Data

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

Abu Dhabi National Takaful Co PSC Annual Data

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Long-Term Capital Lease Obligation

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Abu Dhabi National Takaful Co PSC Quarterly Data
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Abu Dhabi National Takaful Co PSC (ADX:TKFL) 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 Takaful Co PSC (ADX:TKFL) Business Description

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

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Address

Tamouh Tower, 25th Floor, P.O. Box 35335, Marina Square, Al Reem Island, Abu Dhabi, ARE

Website

http://www.takaful.ae

Abu Dhabi National Takaful Co PSC is engaged in providing Takaful insurance solutions for the regional market. The company is licensed by the Ministry of Economy & Commerce as the first Takaful operator in the emirates of Abu Dhabi and is among the Islamic insurance companies operating in the United Arab Emirates. The company's core business activities and investments are conducted in accordance with the Islamic Shari'a. The company has a comprehensive range of products and services, which have been developed under the guidance of the Fatwa & Shari'a Supervisory Board to meet the varying needs of clients in the field of Islamic finance.

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