EFU Life Assurance (KAR:EFUL) Long-Term Capital Lease Obligation : ₨642 Mil (As of Mar. 2024)

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What is EFU Life Assurance Long-Term Capital Lease Obligation?

EFU Life Assurance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨642 Mil.

EFU Life Assurance's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₨593 Mil) to Dec. 2023 (₨583 Mil) but then increased from Dec. 2023 (₨583 Mil) to Mar. 2024 (₨642 Mil).

EFU Life Assurance's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₨535 Mil) to Dec. 2022 (₨530 Mil) but then increased from Dec. 2022 (₨530 Mil) to Dec. 2023 (₨583 Mil).

EFU Life Assurance Long-Term Capital Lease Obligation Historical Data

The historical data trend for EFU Life Assurance'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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EFU Life Assurance Long-Term Capital Lease Obligation Chart

EFU Life Assurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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415.11

389.91

534.87

530.26

583.20

EFU Life Assurance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															644.20	623.81	593.39	583.20	641.79

EFU Life Assurance (KAR:EFUL) 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.

EFU Life Assurance Long-Term Capital Lease Obligation Related Terms

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EFU Life Assurance (KAR:EFUL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » EFU Life Assurance Ltd (KAR:EFUL) » Definitions » Long-Term Capital Lease Obligation

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Address

8th East Street, Plot No. 112, EFU Life House, Phase 1, DHA, Karachi, SD, PAK

Website

https://www.efulife.com

EFU Life Assurance Ltd is engaged in providing insurance services. The company operates through various business segments namely investment linked business, conventional business, pension business, accident and health business, Family takaful investment linked business, and Family takaful protection business. It generates maximum revenue from the Investment Linked Business segment.

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