National Takaful Co (Watania) PJSC (ADX:WATANIA) Long-Term Capital Lease Obligation : د.إ4.2 Mil (As of Dec. 2021)

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What is National Takaful Co (Watania) PJSC Long-Term Capital Lease Obligation?

National Takaful Co (Watania) PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was د.إ4.2 Mil.

National Takaful Co (Watania) PJSC's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 (د.إ8.6 Mil) to Sep. 2021 (د.إ4.9 Mil) and declined from Sep. 2021 (د.إ4.9 Mil) to Dec. 2021 (د.إ4.2 Mil).

National Takaful Co (Watania) PJSC's annual Long-Term Capital Lease Obligation increased from Dec. 2019 (د.إ8.3 Mil) to Dec. 2020 (د.إ8.6 Mil) but then declined from Dec. 2020 (د.إ8.6 Mil) to Dec. 2021 (د.إ4.2 Mil).

National Takaful Co (Watania) PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for National Takaful Co (Watania) PJSC'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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National Takaful Co (Watania) PJSC Long-Term Capital Lease Obligation Chart

National Takaful Co (Watania) PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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8.32

8.61

4.24

National Takaful Co (Watania) PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.61	8.59	8.62	4.88	4.24

National Takaful Co (Watania) PJSC (ADX:WATANIA) 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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National Takaful Co (Watania) PJSC (ADX:WATANIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National Takaful Co (Watania) PJSC (ADX:WATANIA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Muroor Road (4th Street), Al Jazira Sports Complex, P.O. Box 6457, 4th Floor, Tower A, Opposite to Dusit Thani Hotel, Abu Dhabi, ARE

Website

http://www.watania.ae

National Takaful Co (Watania) PJSC is primarily engaged in providing all classes of non-family takaful solutions. The company underwrites mainly medical, property, engineering, motor, miscellaneous accident, marine and personal accident classes. The segments of the company are Medical and Non-Medical. The company operates its business in the United States of Emirates.

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