Sonali Life Insurance Co (DHA:SONALILIFE) Long-Term Capital Lease Obligation : BDT0.00 Mil (As of . 20)

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What is Sonali Life Insurance Co Long-Term Capital Lease Obligation?

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

Sonali Life Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sonali Life 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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Sonali Life Insurance Co Long-Term Capital Lease Obligation Chart

Sonali Life Insurance Co Annual Data

Trend

Long-Term Capital Lease Obligation

Sonali Life Insurance Co Semi-Annual Data

Long-Term Capital Lease Obligation

Sonali Life Insurance Co (DHA:SONALILIFE) 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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Sonali Life Insurance Co (DHA:SONALILIFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sonali Life Insurance Co Ltd (DHA:SONALILIFE) » Definitions » Long-Term Capital Lease Obligation

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Address

68/B D.I.T. Road, Malibagh Chowdhury Para, Dhaka, BGD, 1219

Website

https://www.sonalilife.com

Sonali Life Insurance Co Ltd is engaged in the life insurance business. Its mission is to be the premier service provider of income solutions, investments, and protection plans that are required for financial security and retirement.

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