Atlantic Insurance Co Public (CYS:ATL) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)

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What is Atlantic Insurance Co Public Long-Term Capital Lease Obligation?

Atlantic Insurance Co Public's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil.

Atlantic Insurance Co Public Long-Term Capital Lease Obligation Historical Data

The historical data trend for Atlantic Insurance Co Public'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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Atlantic Insurance Co Public Long-Term Capital Lease Obligation Chart

Atlantic Insurance Co Public Annual Data

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Long-Term Capital Lease Obligation

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0.01

Atlantic Insurance Co Public Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Atlantic Insurance Co Public (CYS:ATL) 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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Atlantic Insurance Co Public (CYS:ATL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Atlantic Insurance Co Public Ltd (CYS:ATL) » Definitions » Long-Term Capital Lease Obligation

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Address

15 Esperidon Street, Atlantic Building, Strovolos, CYP, CY-2001

Website

https://www.atlantic.com.cy

Atlantic Insurance Co Public Ltd is an insurance company based in Cyprus. The company's operating segment includes general Insurance and Financial Services. It generates maximum revenue in the form of Premiums from the Insurance segment. The company offers undertaking of insurance business of the classes such as Motor, Household, Fire and Special Perils, Burglary, Medical, Personal Accident, Health Insurance, Travel, and Marine Cargo and other Property Damage, General Liability, Credit and Guarantees and miscellaneous, general business, the possession of land with the intention of its division into plots and their disposal and the provision of financial consultancy and brokerage services.

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