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Hanwha General Insurance Co (XKRX:000370) Long-Term Capital Lease Obligation : ₩0 Mil (As of Jun. 2024)


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What is Hanwha General Insurance Co Long-Term Capital Lease Obligation?

Hanwha General Insurance Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₩0 Mil.


Hanwha General Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hanwha General Insurance 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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Hanwha General Insurance Co Long-Term Capital Lease Obligation Chart

Hanwha General Insurance Co Annual Data
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Long-Term Capital Lease Obligation
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Hanwha General Insurance Co Quarterly Data
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Hanwha General Insurance Co  (XKRX:000370) 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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Hanwha General Insurance Co Business Description

Traded in Other Exchanges
N/A
Address
56, Yeouido-daero, Yeongdeungpo-gu, (23-5, Yeouido-dong), Seoul, KOR
Hanwha General Insurance Co Ltd Is a South Korea based company engaged in providing non-life insurance and reinsurance services. It offers fire, marine, car, casualty, long term, retirement, private pension, and other insurances. In addition, the company also provides loan services, such as insurance contract loans, apartment mortgage loan and credit loan services.

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