China Taiping Insurance Holdings Co (HKSE:00966) Long-Term Capital Lease Obligation : HK$1,647 Mil (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is China Taiping Insurance Holdings Co Long-Term Capital Lease Obligation?

China Taiping Insurance Holdings Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,647 Mil.

China Taiping Insurance Holdings Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (HK$1,793 Mil) to Jun. 2023 (HK$1,642 Mil) but then increased from Jun. 2023 (HK$1,642 Mil) to Dec. 2023 (HK$1,647 Mil).

China Taiping Insurance Holdings Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$2,230 Mil) to Dec. 2022 (HK$1,793 Mil) and declined from Dec. 2022 (HK$1,793 Mil) to Dec. 2023 (HK$1,647 Mil).

China Taiping Insurance Holdings Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for China Taiping Insurance Holdings 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.

China Taiping Insurance Holdings Co Long-Term Capital Lease Obligation Chart

China Taiping Insurance Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

2,447.48

2,276.51

2,230.33

1,793.12

1,646.69

China Taiping Insurance Holdings Co 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															2,230.33	2,015.87	1,793.12	1,642.35	1,646.69

China Taiping Insurance Holdings Co (HKSE:00966) 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.

China Taiping Insurance Holdings Co Long-Term Capital Lease Obligation Related Terms

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

China Taiping Insurance Holdings Co (HKSE:00966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Taiping Insurance Holdings Co Ltd (HKSE:00966) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HIUC:Germany

Address

18 King Wah Road, 25th Floor, North Point, Hong Kong, HKG

Website

https://www.ctih.cntaiping.com

China Taiping Insurance Holdings Co Ltd is a holding company, which through its subsidiaries, sells insurance products and offers a variety of investment management services. The company sells life, property and casualty, reinsurance, and pension insurance products. The firm also operates asset management and real estate management services. The majority of China Taiping Insurance's income is derived from life insurance, with the People's Republic of China contributing the largest portion of company revenue. The Group consists of business segments: the life insurance business, property and casualty insurance business, Pension and group life insurance business, reinsurance business and Others. Majority of revenue is generated from the life insurance business.

Executives

Zhong Guo Tai Ping Bao Xian Ji Tuan You Xian Ze Ren Gong Si

2201 Interest of corporation controlled by you

China Taiping Insurance Holdings Co (HKSE:00966) Headlines

No Headlines