Silver Star Insurance Co (KAR:SSIC) Long-Term Capital Lease Obligation : ₨0.00 Mil (As of . 20)

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What is Silver Star Insurance Co Long-Term Capital Lease Obligation?

Silver Star Insurance Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₨0.00 Mil.

Silver Star Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Silver Star 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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Silver Star Insurance Co Long-Term Capital Lease Obligation Chart

Silver Star Insurance Co Annual Data

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Long-Term Capital Lease Obligation

Silver Star Insurance Co Quarterly Data

Long-Term Capital Lease Obligation

Silver Star Insurance Co (KAR:SSIC) 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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Silver Star Insurance Co (KAR:SSIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Silver Star Insurance Co Ltd (KAR:SSIC) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Silver Star House, 5-Bank Square, Lahore, PAK, 54000

Website

http://www.ssic.com.pk

Silver Star Insurance Co Ltd is a Pakistan based company engaged in providing general insurance services. Its product portfolio comprises Fire insurance, Marine insurance, Motor insurance, Miscellaneous insurance, Crop insurance and Live stock insurance.