Sunshine Insurance Group Co (HKSE:06963) Long-Term Capital Lease Obligation : HK$613 Mil (As of Jun. 2024)

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What is Sunshine Insurance Group Co Long-Term Capital Lease Obligation?

Sunshine Insurance Group Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$613 Mil.

Sunshine Insurance Group Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$770 Mil) to Dec. 2023 (HK$711 Mil) and declined from Dec. 2023 (HK$711 Mil) to Jun. 2024 (HK$613 Mil).

Sunshine Insurance Group Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$1,129 Mil) to Dec. 2022 (HK$873 Mil) and declined from Dec. 2022 (HK$873 Mil) to Dec. 2023 (HK$711 Mil).

Sunshine Insurance Group Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sunshine Insurance Group 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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Sunshine Insurance Group Co Long-Term Capital Lease Obligation Chart

Sunshine Insurance Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,093.83

1,170.02

1,128.96

873.27

710.96

Sunshine Insurance Group Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				960.03	873.27	770.02	710.96	612.55

Sunshine Insurance Group Co (HKSE:06963) 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.

Sunshine Insurance Group Co Long-Term Capital Lease Obligation Related Terms

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Sunshine Insurance Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sunshine Insurance Group Co Ltd (HKSE:06963) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7002, Hongli West Road, 17th Floor, Block A First World Plaza, Futian District, Shenzhen, CHN, 518034

Website

Sunshine Insurance Group Co Ltd is mainly engaged in the insurance business. The company has three operating segments; The life insurance segment offers a wide range of life insurance products mainly by Sunshine Life, The property and casualty insurance segment offers a wide range of property and casualty insurance products mainly by Sunshine P&C and Sunshine Surety, and Other businesses segment mainly provides corporation management and assets management services. It derives a majority of its revenue from the property and casualty insurance segment.

Executives

Hua Tai Zi Jin Tou Zi You Xian Ze Ren Gong Si
Hua Tai Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Rui Lian Qi Hao Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing Hong Yu Zi Xun Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Shan Rui Lian Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Nan Jing Hua Tai Rui Lian Bing Gou Ji Jin Yi Hao You Xian He Huo	2201 Interest of corporation controlled by you
Nan Jing Rui Lian Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Jiang Su Hua Tai Rui Lian Bing Gou Ji Jin You Xian He Huo	2201 Interest of corporation controlled by you
Jiang Su Tian Cheng Wu Ye Fa Zhan You Xian Ze Ren Gong Si	2101 Beneficial owner
Bei Jing Lin Qi Hao Rui Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Xi Zang Hong Yu Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Shi You Hua Gong Ji Tuan You Xian Gong Si	2101 Beneficial owner
Zhong Guo Cheng Tong Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Dynamic Sunrise Limited
Wong Kwong Miu

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