Arab Jordanian Insurance Group (AMM:ARGR) Long-Term Capital Lease Obligation : JOD0.00 Mil (As of . 20)

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What is Arab Jordanian Insurance Group Long-Term Capital Lease Obligation?

Arab Jordanian Insurance Group's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was JOD0.00 Mil.

Arab Jordanian Insurance Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arab Jordanian Insurance Group'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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Arab Jordanian Insurance Group Long-Term Capital Lease Obligation Chart

Arab Jordanian Insurance Group Annual Data

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Long-Term Capital Lease Obligation

Arab Jordanian Insurance Group Semi-Annual Data

Long-Term Capital Lease Obligation

Arab Jordanian Insurance Group (AMM:ARGR) 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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Arab Jordanian Insurance Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Arab Jordanian Insurance Group (AMM:ARGR) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Shareef Nasser Bin Jameel Street, Amman Wadi Saqra, Building No. 34, P.O. Box 840657, Amman, JOR, 11184

Website

https://www.ajig.com

Arab Jordanian Insurance Group provides insurance services. The company's products and services include Vehicles, Marine, Shipping, Fire and other Property damages, Medical and other life insurance. Geographically, it derives a majority of its revenue from Jordan.

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