Jordan International Insurance Co (AMM:JIJC) Long-Term Capital Lease Obligation : JOD0.00 Mil (As of Mar. 2025)

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What is Jordan International Insurance Co Long-Term Capital Lease Obligation?

Jordan International Insurance Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was JOD0.00 Mil.

Jordan International Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jordan International 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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Jordan International Insurance Co Long-Term Capital Lease Obligation Chart

Jordan International Insurance Co Annual Data

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Long-Term Capital Lease Obligation

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Jordan International Insurance Co Quarterly Data
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Jordan International Insurance Co (AMM:JIJC) 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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Jordan International Insurance Co Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jordan International Insurance Co (AMM:JIJC) » Definitions » Long-Term Capital Lease Obligation

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Address

Jabal Amman, 6th Circle, P.O. Box 3253, Building No. 221, Amman, JOR, 11181

Website

http://www.jiig.com

Jordan International Insurance Co provides insurance services and products. The company serves both corporate as well as individual customers. The company operates various Insurance such as Medical, Life (Group), Life (Individual), Vehicles (Third Party; Comprehensive; Pool), Marine Goods, Marineship Goods, Fire, Engineering, and other General insurance. The company carries out its activities mainly in the Kingdom, which represents local business. It also carries out international activities through its branches in the Middle East, Europe, Asia, America and the Near East, through which it deals with others.

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