Sabb Takaful Co (SAU:8080) Long-Term Capital Lease Obligation : ﷼0.0 Mil (As of Jun. 2022)

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What is Sabb Takaful Co Long-Term Capital Lease Obligation?

Sabb Takaful Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was ﷼0.0 Mil.

Sabb Takaful Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sabb Takaful 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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Sabb Takaful Co Long-Term Capital Lease Obligation Chart

Sabb Takaful Co Annual Data

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Long-Term Capital Lease Obligation

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Sabb Takaful Co Quarterly Data
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Sabb Takaful Co (SAU:8080) 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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Sabb Takaful Co (SAU:8080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sabb Takaful Co (SAU:8080) » Definitions » Long-Term Capital Lease Obligation

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Address

6788 Salah Ad Din Al Ayyubi-Adh Dhubbat, Unit No. 3, Riyadh, SAU, 12627-4827

Website

https://www.sabbtakaful.com

Sabb Takaful Co is engaged in the insurance business. The objective of the company is to transact insurance operations and all related activities. It has three reportable segments: Individual family insurance, Group family insurance, and General insurance products. The company generates maximum revenue from the Individual family insurance segment. It operates in the Kingdom of Saudi Arabia.

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