AIICO Insurance (NSA:AIIC) Long-Term Capital Lease Obligation : ₦0 Mil (As of Mar. 2025)

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What is AIICO Insurance Long-Term Capital Lease Obligation?

AIICO Insurance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₦0 Mil.

AIICO Insurance Long-Term Capital Lease Obligation Historical Data

The historical data trend for AIICO Insurance'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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AIICO Insurance Long-Term Capital Lease Obligation Chart

AIICO Insurance Annual Data

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Long-Term Capital Lease Obligation

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AIICO Insurance Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

AIICO Insurance (NSA:AIIC) 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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AIICO Insurance Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AIICO Insurance PLC (NSA:AIIC) » Definitions » Long-Term Capital Lease Obligation

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Address

Churchgate Street, Plot PC 12, AIICO Plaza, Victoria Island, Lagos, NGA

Website

https://www.aiicoplc.com

AIICO Insurance PLC provides life and health insurance, general insurance, investment management, and pension management services as a means to create and protect wealth for individuals, families, and corporate customers in Nigeria. The company's key business areas include Life Insurance Business, Non-Life Insurance Business, Health, and Wealth Management, Deposit Administration, and Financial Services to organizations and private individuals. The group has four reportable segments: Life business, General business, which generates maximum revenue, Health management services, and Asset management.

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