Custodian Investment (NSA:CUSTODIAN) Long-Term Capital Lease Obligation : ₦0 Mil (As of Sep. 2023)

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What is Custodian Investment Long-Term Capital Lease Obligation?

Custodian Investment's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₦0 Mil.

Custodian Investment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Custodian Investment'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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Custodian Investment Long-Term Capital Lease Obligation Chart

Custodian Investment Annual Data

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Long-Term Capital Lease Obligation

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0.74

Custodian Investment Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Custodian Investment (NSA:CUSTODIAN) 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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Custodian Investment (NSA:CUSTODIAN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Custodian Investment PLC (NSA:CUSTODIAN) » Definitions » Long-Term Capital Lease Obligation

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Address

16A, Commercial Avenue, Custodian House, P.O. Box 2101, Sabo, Yaba, Lagos, NGA

Website

https://www.custodianplc.com.ng

Custodian Investment PLC is an investment holding company in Nigeria. It operates in five segments. In the Non-life business segment, it offers insurance products like engineering, aviation, marine liability, motor liability, oil and energy, fire, and property for personal and corporate customers. In the Life business segment, it offers life insurance products including annuity, endowment, and investment-oriented products. The pension administration segment includes the administration and management of the retirement benefits of members. Trustees and others segment includes trustee management and corporate services. A vast majority of revenues is received from the non-life business segment within Nigeria.

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