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Sanlam Maroc (CAS:SAH) Long-Term Capital Lease Obligation : MAD29 Mil (As of Dec. 2023)


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What is Sanlam Maroc Long-Term Capital Lease Obligation?

Sanlam Maroc's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD29 Mil.

Sanlam Maroc's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (MAD17 Mil) to Jun. 2023 (MAD37 Mil) but then declined from Jun. 2023 (MAD37 Mil) to Dec. 2023 (MAD29 Mil).

Sanlam Maroc's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (MAD0 Mil) to Dec. 2022 (MAD17 Mil) and increased from Dec. 2022 (MAD17 Mil) to Dec. 2023 (MAD29 Mil).


Sanlam Maroc Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sanlam Maroc'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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Sanlam Maroc Long-Term Capital Lease Obligation Chart

Sanlam Maroc Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 16.64 28.50

Sanlam Maroc Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - 16.64 37.19 28.50

Sanlam Maroc  (CAS:SAH) 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.

Sanlam Maroc Long-Term Capital Lease Obligation Related Terms

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Sanlam Maroc (CAS:SAH) Business Description

Industry
Traded in Other Exchanges
N/A
Address
216, Boulevard Zerktoun, Casablanca, MAR, 20000
Sanlam Maroc offers insurance services.