Union Assurance (COL:UAL.N0000) Long-Term Capital Lease Obligation : රු407 Mil (As of Mar. 2024)

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What is Union Assurance Long-Term Capital Lease Obligation?

Union Assurance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු407 Mil.

Union Assurance's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (රු411 Mil) to Dec. 2023 (රු423 Mil) but then declined from Dec. 2023 (රු423 Mil) to Mar. 2024 (රු407 Mil).

Union Assurance's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (රු421 Mil) to Dec. 2022 (රු449 Mil) but then declined from Dec. 2022 (රු449 Mil) to Dec. 2023 (රු423 Mil).

Union Assurance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Union Assurance'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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Union Assurance Long-Term Capital Lease Obligation Chart

Union Assurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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289.18

232.26

421.30

448.72

422.54

Union Assurance 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															418.46	413.35	410.55	422.54	406.97

Union Assurance (COL:UAL.N0000) 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.

Union Assurance Long-Term Capital Lease Obligation Related Terms

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Union Assurance (COL:UAL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Union Assurance PLC (COL:UAL.N0000) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 20, St. Michael's Road, Union Assurance Centre, Colombo, LKA, 03

Website

https://www.unionassurance.com

Union Assurance PLC is engaged in the Life insurance business. It provides Life insurance solutions for both Individual and corporate customers. The company's operating segment includes the Policyholder Fund and Shareholder Fund. It generates maximum revenue from the Policyholder Fund segment. UA maintains five separate policy holder funds according to the following product types: Participating, Non-participating, Universal life, Unit linked, and Non-unit linked.

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