Life Insurance Nepal (XNEP:LICN) Long-Term Capital Lease Obligation : NPR0 Mil (As of Oct. 2024)

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What is Life Insurance Nepal Long-Term Capital Lease Obligation?

Life Insurance Nepal's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2024 was NPR0 Mil.

Life Insurance Nepal's annual Long-Term Capital Lease Obligation stayed the same from Jul. 2021 (NPR0 Mil) to Jul. 2022 (NPR0 Mil) but then increased from Jul. 2022 (NPR0 Mil) to Jul. 2023 (NPR209 Mil).

Life Insurance Nepal Long-Term Capital Lease Obligation Historical Data

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

Life Insurance Nepal Annual Data

Trend

Jul14

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Jul23

Long-Term Capital Lease Obligation

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209.43

Life Insurance Nepal Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															209.43	-	-	-	-

Life Insurance Nepal (XNEP:LICN) 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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Life Insurance Nepal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Life Insurance Corp Nepal Ltd (XNEP:LICN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Star Mall, PO Box No 21905, 4th Floor, Putalisadak, Kathmandu, NPL

Website

https://www.licnepal.com.np

Life Insurance Corp Nepal Ltd is operative in the field of financial services. A joint venture between Life Insurance Corporation of India and Vishal Group of Nepal, it is one of Nepal's most capitalized insurance companies. It offers a range of life insurance products such as endowment plans, child plans, money-back plans, and services like reviving a lapsed policy, policy loans, nominations, and bonuses to policyholders. The company's majority source of revenue is through insurance premiums, which are received either by direct remittance of cheques or bank drafts.