Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Long-Term Capital Lease Obligation : BHD0.31 Mil (As of Mar. 2024)

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What is Bahrain Kuwait Insurance Co BSC Long-Term Capital Lease Obligation?

Bahrain Kuwait Insurance Co BSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was BHD0.31 Mil.

Bahrain Kuwait Insurance Co BSC's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (BHD0.00 Mil) to Dec. 2023 (BHD0.00 Mil) but then increased from Dec. 2023 (BHD0.00 Mil) to Mar. 2024 (BHD0.31 Mil).

Bahrain Kuwait Insurance Co BSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (BHD0.13 Mil) to Dec. 2022 (BHD0.00 Mil) but then stayed the same from Dec. 2022 (BHD0.00 Mil) to Dec. 2023 (BHD0.00 Mil).

Bahrain Kuwait Insurance Co BSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bahrain Kuwait Insurance Co BSC'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.

* Premium members only.

Bahrain Kuwait Insurance Co BSC Long-Term Capital Lease Obligation Chart

Bahrain Kuwait Insurance Co BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.36

0.23

0.13

Bahrain Kuwait Insurance Co BSC 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															-	-	-	-	0.31

Bahrain Kuwait Insurance Co BSC (BAH:BKIC) 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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Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Bahrain Kuwait Insurance Co BSC (BAH:BKIC) » Definitions » Long-Term Capital Lease Obligation

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Address

BKIC Tower 2775, Road 2835, PO Box 10166, Block 428, Seef District, Manama, BHR

Website

https://www.gigbh.com

Bahrain Kuwait Insurance Co BSC is a Bahrain- based insurance company. The operating segment of the company is Fire and general, Motor, Marine and Aviation and Family Takaful. Fire and General covers risks of fire, general accident, medical, group life and special contingency. Motor covers risks of motor third party, motor comprehensive and extended warranty. Marine and Aviation cover risks of marine cargo, marine hull, and marine aviation. Family Takaful covers risks of group life, education, protection, savings, among others. Geographically, it operates in Bahrain and some other countries.

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