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R&Q Insurance Holdings (R&Q Insurance Holdings) Long-Term Capital Lease Obligation : $0.0 Mil (As of Jun. 2023)


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What is R&Q Insurance Holdings Long-Term Capital Lease Obligation?

R&Q Insurance Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.0 Mil.

R&Q Insurance Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.0 Mil) to Dec. 2022 ($5.4 Mil) but then declined from Dec. 2022 ($5.4 Mil) to Jun. 2023 ($0.0 Mil).

R&Q Insurance Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($6.8 Mil) to Dec. 2021 ($7.6 Mil) but then declined from Dec. 2021 ($7.6 Mil) to Dec. 2022 ($5.4 Mil).

R&Q Insurance Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for R&Q Insurance Holdings'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.

* Premium members only.

R&Q Insurance Holdings Long-Term Capital Lease Obligation Chart

R&Q Insurance Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.21 6.80 7.60 5.40

R&Q Insurance Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 7.60 - 5.40 -

R&Q Insurance Holdings  (OTCPK:RQIHF) 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.

R&Q Insurance Holdings Long-Term Capital Lease Obligation Related Terms

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R&Q Insurance Holdings (R&Q Insurance Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » R&Q Insurance Holdings Ltd (OTCPK:RQIHF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
RQIH:UK
Address
40 Church Street, FB Perry Building, PO Box HM 650, Hamilton, BMU, HM HX
Website
https://www.rqih.com
R&Q Insurance Holdings Ltd provides services of legacy acquisitions and program management. The company together with its subsidiaries owns and manages insurance companies as underwriting managers for active insurers. The company's segment includes Legacy Insurance, Program Management, and Corporate / Other. It generates maximum revenue from the Legacy segment. Legacy segment acquires legacy portfolios and insurance debt and provides capital support to the Group's managed Lloyd's Syndicates. Geographically, it derives a majority of revenue from North America and also has a presence in the United Kingdom and Europe.