General Accident (LSE:GACB.PFD) Long-Term Capital Lease Obligation : £0.00 Mil (As of . 20)

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What is General Accident Long-Term Capital Lease Obligation?

General Accident's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was £0.00 Mil.

General Accident Long-Term Capital Lease Obligation Historical Data

The historical data trend for General Accident'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.
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General Accident Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation

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Long-Term Capital Lease Obligation

General Accident (LSE:GACB.PFD) 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.

General Accident Long-Term Capital Lease Obligation Related Terms

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General Accident (LSE:GACB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » General Accident PLC (LSE:GACB.PFD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Pitheavlis, Perth, GBR, PH2 0NH

Website

https://www.generalaccident.com

General Accident PLC provides life, accident, health, property, and motor insurance services. Its principal activity is the provision of loans to its parent company. The company offers a wide range of insurance and savings products that include car, home, and health insurance, to pensions, investments and asset management.

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