New China Life Insurance Co (HKSE:01336) Long-Term Capital Lease Obligation : HK$772 Mil (As of Mar. 2024)

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What is New China Life Insurance Co Long-Term Capital Lease Obligation?

New China Life Insurance Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$772 Mil.

New China Life Insurance Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (HK$856 Mil) to Dec. 2023 (HK$831 Mil) and declined from Dec. 2023 (HK$831 Mil) to Mar. 2024 (HK$772 Mil).

New China Life Insurance Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1,273 Mil) to Dec. 2022 (HK$955 Mil) and declined from Dec. 2022 (HK$955 Mil) to Dec. 2023 (HK$831 Mil).

New China Life Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for New China Life 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.

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New China Life Insurance Co Long-Term Capital Lease Obligation Chart

New China Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,069.35

1,261.30

1,273.45

954.79

831.27

New China Life Insurance Co 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															1,026.23	891.43	856.02	831.27	772.36

New China Life Insurance Co (HKSE:01336) 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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New China Life Insurance Co (HKSE:01336) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » New China Life Insurance Co Ltd (HKSE:01336) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NWWCF:USA NCL:Germany 601336:China

Address

A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022

Website

https://www.newchinalife.com

Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).

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