Global Insurance (DHA:GLOBALINS) Long-Term Capital Lease Obligation : BDT0.00 Mil (As of . 20)

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What is Global Insurance Long-Term Capital Lease Obligation?

Global Insurance's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was BDT0.00 Mil.

Global Insurance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Insurance'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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Global Insurance Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation

Global Insurance Semi-Annual Data

Long-Term Capital Lease Obligation

Global Insurance (DHA:GLOBALINS) 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.

Global Insurance Long-Term Capital Lease Obligation Related Terms

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Global Insurance Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Global Insurance Ltd (DHA:GLOBALINS) » Definitions » Long-Term Capital Lease Obligation

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Address

Al-Razi Complex (12th floor), 166-167, Shaheed Syed Nazrul, Islam Sarani, Purana Paltan, Dhaka, BGD, 1000

Website

https://www.globalinsurancebd.com

Global Insurance Ltd is a Bangladesh-based non-life insurance company engaged in offering general insurance products and services. The Company has five primary business segments for reporting purpose namely Fire, Marine Cargo, Marine Hull, Motor, and Miscellaneous. The Principal object of the company is to carry out all kinds of insurance, guarantee, and indemnity business other than life insurance business.

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