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Phoenix Insurance Co (DHA:PHENIXINS) Long-Term Capital Lease Obligation : BDT0.00 Mil (As of . 20)


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

Phoenix Insurance Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was BDT0.00 Mil.


Phoenix Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Phoenix 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.

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Phoenix Insurance Co Long-Term Capital Lease Obligation Chart

Phoenix Insurance Co Annual Data
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Long-Term Capital Lease Obligation

Phoenix Insurance Co Semi-Annual Data
Long-Term Capital Lease Obligation

Phoenix Insurance Co  (DHA:PHENIXINS) 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.

Phoenix Insurance Co Long-Term Capital Lease Obligation Related Terms

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Phoenix Insurance Co (DHA:PHENIXINS) Business Description

Traded in Other Exchanges
N/A
Address
1/A, Dilkusha Commercial Area, Purbani Annex Building, 1st Floor, Dhaka, BGD, 1000
Phoenix Insurance Co Ltd is a Bangladesh-based insurance company. The company engaged in the general insurance business. It offers insurance for fire, motor, marine, cyclone, flood, earthquake, engineering, riot and strike damage, and others.

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