Dhofar Insurance CoOG (MUS:DICS) Long-Term Capital Lease Obligation : ر.ع0.00 Mil (As of Sep. 2022)

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What is Dhofar Insurance CoOG Long-Term Capital Lease Obligation?

Dhofar Insurance CoOG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was ر.ع0.00 Mil.

Dhofar Insurance CoOG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dhofar Insurance CoOG'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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Dhofar Insurance CoOG Long-Term Capital Lease Obligation Chart

Dhofar Insurance CoOG Annual Data

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Long-Term Capital Lease Obligation

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Dhofar Insurance CoOG Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Dhofar Insurance CoOG (MUS:DICS) 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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Dhofar Insurance CoOG (MUS:DICS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dhofar Insurance Co SAOG (MUS:DICS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

P.O. Box 1002, Ruwi, OMN, 112

Website

http://www.dhofarinsurance.com

Dhofar Insurance Co SAOG operates in the insurance industry. The company's principal activity is undertaking the business of insurance and reinsurance (general and life) in the Sultanate of Oman. It has aggregated its operations into two reportable segments - General Insurance and Life Insurance. General Insurance business includes insurance and reinsurance of a motor; fire and general accident; and marine cargo and hull. The Life Insurance business relates to insuring the life of an individual. The majority of revenue is generated from the General insurance segment.

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