Goldlink Insurance (NSA:GOLDINSURE) Long-Term Capital Lease Obligation : ₦0.00 Mil (As of . 20)

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What is Goldlink Insurance Long-Term Capital Lease Obligation?

Goldlink Insurance's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₦0.00 Mil.

Goldlink Insurance Long-Term Capital Lease Obligation Historical Data

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

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Long-Term Capital Lease Obligation

Goldlink Insurance Quarterly Data

Long-Term Capital Lease Obligation

Goldlink Insurance (NSA:GOLDINSURE) 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.

Goldlink Insurance Long-Term Capital Lease Obligation Related Terms

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Goldlink Insurance (NSA:GOLDINSURE) Business Description

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

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Address

6, Emmanuel Street, Goldlink Plaza, P.O.BOX 5987, Maryland, Marina, Lagos, NGA

Website

http://www.goldlinkplc.com

Goldlink Insurance PLC is engaged in life and general businesses which includes fire and special perils, motor insurance, life & pension, oil & gas, travel insurance and many others. The company product list includes compulsory insurance, engineering policies, general accident, group life insurance, individual life insurance, liability policies, marine & aviation, motor insurance, oil & gas, re-insurance and school safety.

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