Janashakthi Insurance Co (COL:JINS.N0000) Long-Term Capital Lease Obligation : රු262 Mil (As of Dec. 2023)

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What is Janashakthi Insurance Co Long-Term Capital Lease Obligation?

Janashakthi Insurance Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු262 Mil.

Janashakthi Insurance Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (රු199 Mil) to Sep. 2023 (රු221 Mil) and increased from Sep. 2023 (රු221 Mil) to Dec. 2023 (රු262 Mil).

Janashakthi Insurance Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (රු212 Mil) to Dec. 2022 (රු233 Mil) and increased from Dec. 2022 (රු233 Mil) to Dec. 2023 (රු262 Mil).

Janashakthi Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Janashakthi Insurance 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.

* Premium members only.

Janashakthi Insurance Co Long-Term Capital Lease Obligation Chart

Janashakthi Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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261.43

254.65

211.52

232.85

262.12

Janashakthi Insurance Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															232.85	217.70	198.73	220.60	262.12

Janashakthi Insurance Co (COL:JINS.N0000) 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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Janashakthi Insurance Co (COL:JINS.N0000) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Janashakthi Insurance Co PLC (COL:JINS.N0000) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 75, Kumaran Ratnam Road, P.O. Box 1672, Colombo, LKA, 02

Website

https://www.janashakthi.com

Janashakthi Insurance Co PLC is an insurance company. The company only operates in a Life Insurance business. Life insurance contracts offered by the Company include whole life, term assurance, retirement plans, critical illness benefit, endowment plans, disability insurance, surgery benefit, and daily hospital cash.

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