Caribbean Assurance Brokers (XJAM:CABROKERS) Long-Term Capital Lease Obligation : JMD0.00 Mil (As of . 20)

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What is Caribbean Assurance Brokers Long-Term Capital Lease Obligation?

Caribbean Assurance Brokers's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was JMD0.00 Mil.

Caribbean Assurance Brokers Long-Term Capital Lease Obligation Historical Data

The historical data trend for Caribbean Assurance Brokers'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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Caribbean Assurance Brokers Long-Term Capital Lease Obligation Chart

Caribbean Assurance Brokers Annual Data

Trend

Long-Term Capital Lease Obligation

Caribbean Assurance Brokers Semi-Annual Data

Long-Term Capital Lease Obligation

Caribbean Assurance Brokers (XJAM:CABROKERS) 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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Caribbean Assurance Brokers (XJAM:CABROKERS) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Caribbean Assurance Brokers Ltd (XJAM:CABROKERS) » Definitions » Long-Term Capital Lease Obligation

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Address

94D Old Hope Road, St. Andrew, Kingston, JAM, 6

Website

https://www.cabjm.com

Caribbean Assurance Brokers Ltd is a multi-line insurance brokerage service provider. The company offers the full spectrum of insurance products and services throughout Jamaica.

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