Adamjee Life Assurance Co (KAR:ALIFE) Long-Term Capital Lease Obligation : ₨0.00 Mil (As of . 20)

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What is Adamjee Life Assurance Co Long-Term Capital Lease Obligation?

Adamjee Life Assurance Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₨0.00 Mil.

Adamjee Life Assurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adamjee Life Assurance Co'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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Adamjee Life Assurance Co Long-Term Capital Lease Obligation Chart

Adamjee Life Assurance Co Annual Data

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Long-Term Capital Lease Obligation

Adamjee Life Assurance Co Semi-Annual Data

Long-Term Capital Lease Obligation

Adamjee Life Assurance Co (KAR:ALIFE) 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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Adamjee Life Assurance Co (KAR:ALIFE) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Adamjee Life Assurance Co Ltd (KAR:ALIFE) » Definitions » Long-Term Capital Lease Obligation

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Address

I. I Chundrigar Road, Adamjee House, 3rd and 4th Floor, Karachi, PAK, 7400

Website

https://www.adamjeelife.com

Adamjee Life Assurance Co Ltd is engaged in the life insurance business carrying on non-participating business only. The company has six operating segment which includes Conventional Business, Accident and Health Business, Non-Unitised Investment Linked Business, Unit Linked Business, Individual Family Takaful Business, and Group Family Takaful Business. Its key revenue is generated from the Unit Linked Business which provides life assurance coverage to individuals under unit-linked investment policies issued by the Company.

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