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Jubilee Holdings (NAI:JUB) Long-Term Capital Lease Obligation : KES394 Mil (As of Dec. 2022)


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What is Jubilee Holdings Long-Term Capital Lease Obligation?

Jubilee Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was KES394 Mil.

Jubilee Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (KES416 Mil) to Jun. 2022 (KES0 Mil) but then increased from Jun. 2022 (KES0 Mil) to Dec. 2022 (KES394 Mil).

Jubilee Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (KES126 Mil) to Dec. 2021 (KES416 Mil) but then declined from Dec. 2021 (KES416 Mil) to Dec. 2022 (KES394 Mil).


Jubilee Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jubilee Holdings'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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Jubilee Holdings Long-Term Capital Lease Obligation Chart

Jubilee Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 284.77 125.54 415.79 393.62

Jubilee Holdings Semi-Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 125.54 - 415.79 - 393.62

Jubilee Holdings  (NAI:JUB) 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.

Jubilee Holdings Long-Term Capital Lease Obligation Related Terms

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Jubilee Holdings (NAI:JUB) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jubilee Insurance House, Wabera Street, P.O. Box 30376, Nairobi, KEN, 00100
Jubilee Holdings Ltd is an insurance company. The company's segment includes General; Health; Ordinary, Group Life and Pensions and Investments. It generates maximum revenue from the Health segment.

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