Arabian Scandinavian Insurance Co (DFM:ASCANA) Long-Term Capital Lease Obligation : د.إ0.53 Mil (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Arabian Scandinavian Insurance Co Long-Term Capital Lease Obligation?

Arabian Scandinavian Insurance Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ0.53 Mil.

Arabian Scandinavian Insurance Co's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (د.إ0.00 Mil) to Sep. 2023 (د.إ0.00 Mil) but then increased from Sep. 2023 (د.إ0.00 Mil) to Dec. 2023 (د.إ0.53 Mil).

Arabian Scandinavian Insurance Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ1.34 Mil) to Dec. 2022 (د.إ0.85 Mil) and declined from Dec. 2022 (د.إ0.85 Mil) to Dec. 2023 (د.إ0.53 Mil).

Arabian Scandinavian Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arabian Scandinavian 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.

* Premium members only.

Arabian Scandinavian Insurance Co Long-Term Capital Lease Obligation Chart

Arabian Scandinavian Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

1.07

0.55

1.34

0.85

0.53

Arabian Scandinavian Insurance Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.85	-	-	-	0.53

Arabian Scandinavian Insurance Co (DFM:ASCANA) 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.

Arabian Scandinavian Insurance Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Arabian Scandinavian Insurance Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Arabian Scandinavian Insurance Co (DFM:ASCANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Arabian Scandinavian Insurance Co PLC (DFM:ASCANA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Kazim Building, Al Garhoud, 3rd Floor, P.O. Box 1993, Dubai, ARE

Website

https://www.ascanatakaful.ae

Arabian Scandinavian Insurance Co PLC is a provider of general insurance and reinsurance services. Its general insurance covers motor, medical, life, personal accident, property, travel protection, money, professional indemnity, and engineering. The company is organized into two business segments: general takaful management and investment. The majority of the revenue is derived from the provision of general takaful management services. The Company only operates in U.AE., through its Dubai and Abu Dhabi office.

Arabian Scandinavian Insurance Co (DFM:ASCANA) Headlines

No Headlines