Solidarity Bahrain BSC (BAH:SOLID) Long-Term Capital Lease Obligation : BHD0.29 Mil (As of Mar. 2025)

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What is Solidarity Bahrain BSC Long-Term Capital Lease Obligation?

Solidarity Bahrain BSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was BHD0.29 Mil.

Solidarity Bahrain BSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (BHD0.25 Mil) to Dec. 2024 (BHD0.07 Mil) but then increased from Dec. 2024 (BHD0.07 Mil) to Mar. 2025 (BHD0.29 Mil).

Solidarity Bahrain BSC's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (BHD0.08 Mil) to Dec. 2023 (BHD0.03 Mil) but then increased from Dec. 2023 (BHD0.03 Mil) to Dec. 2024 (BHD0.07 Mil).

Solidarity Bahrain BSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Solidarity Bahrain 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.

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Solidarity Bahrain BSC Long-Term Capital Lease Obligation Chart

Solidarity Bahrain BSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.03

0.08

0.03

0.07

Solidarity Bahrain BSC Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.18	0.25	0.25	0.07	0.29

Solidarity Bahrain BSC (BAH:SOLID) 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.

Solidarity Bahrain BSC Long-Term Capital Lease Obligation Related Terms

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Solidarity Bahrain BSC Business Description

Industry

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

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Traded in Other Exchanges

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Address

Road 2825, PO Box 5282, Flat 71, 7th Floor - Seef Tower, Building 2080, Block 428, Seef Area, Manama, BHR

Website

https://www.solidarity.com.bh

Solidarity Bahrain BSC is engaged in providing insurance services in Bahrain. The company provides motor insurance, home insurance, car insurance, personal accident, medical insurance, travel insurance, and other products. The company operates in the business segments namely, Non-motor which includes fire, marine, general accident, liability, Aviation, and engineering lines of business; Motor; Medical; Group Life which includes group life and credit life business; and Family Takaful which includes long-term decreasing term and level term business. Maximum of company revenue is from Motor segment. Geographically operates in Bahrain, UAE, Saudi Arabia, Oman, Kuwait, and Others.

Solidarity Bahrain BSC Headlines

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