Ping An Insurance (Group) Co. of China (HKSE:02318) Long-Term Capital Lease Obligation : HK$10,354 Mil (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Ping An Insurance (Group) Co. of China Long-Term Capital Lease Obligation?

Ping An Insurance (Group) Co. of China's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$10,354 Mil.

Ping An Insurance (Group) Co. of China's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$11,521 Mil) to Dec. 2023 (HK$11,194 Mil) and declined from Dec. 2023 (HK$11,194 Mil) to Mar. 2024 (HK$10,354 Mil).

Ping An Insurance (Group) Co. of China's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$17,397 Mil) to Dec. 2022 (HK$14,532 Mil) and declined from Dec. 2022 (HK$14,532 Mil) to Dec. 2023 (HK$11,194 Mil).

Ping An Insurance (Group) Co. of China Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China'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.

Ping An Insurance (Group) Co. of China Long-Term Capital Lease Obligation Chart

Ping An Insurance (Group) Co. of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

17,788.43

18,516.46

17,397.23

14,531.81

11,193.73

Ping An Insurance (Group) Co. of China 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															13,781.84	12,185.81	11,520.86	11,193.73	10,353.54

Ping An Insurance (Group) Co. of China (HKSE:02318) 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.

Ping An Insurance (Group) Co. of China Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Ping An Insurance (Group) Co. of China's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Ping An Insurance (Group) Co. of China (HKSE:02318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (HKSE:02318) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PNGAY:USA PIAIF:USA PZX:Germany 601318:China PZX:Austria

Address

No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.pingan.cn

Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 65%, 5%, 26%, 2%, and 4% of the company's operating profits, respectively, in 2022.

Ping An Insurance (Group) Co. of China (HKSE:02318) Headlines

No Headlines