Al-Takaful Palestinian Insurance (XPAE:TIC) Long-Term Capital Lease Obligation : $0.29 Mil (As of Dec. 2024)

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What is Al-Takaful Palestinian Insurance Long-Term Capital Lease Obligation?

Al-Takaful Palestinian Insurance's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.29 Mil.

Al-Takaful Palestinian Insurance's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 ($0.34 Mil) to Sep. 2024 ($0.30 Mil) and declined from Sep. 2024 ($0.30 Mil) to Dec. 2024 ($0.29 Mil).

Al-Takaful Palestinian Insurance's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.51 Mil) to Dec. 2023 ($0.25 Mil) but then increased from Dec. 2023 ($0.25 Mil) to Dec. 2024 ($0.29 Mil).

Al-Takaful Palestinian Insurance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al-Takaful Palestinian 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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Al-Takaful Palestinian Insurance Long-Term Capital Lease Obligation Chart

Al-Takaful Palestinian Insurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1.06

0.78

0.51

0.25

0.29

Al-Takaful Palestinian Insurance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.25	0.37	0.34	0.30	0.29

Al-Takaful Palestinian Insurance (XPAE:TIC) 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.

Al-Takaful Palestinian Insurance Long-Term Capital Lease Obligation Related Terms

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Al-Takaful Palestinian Insurance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Takaful Palestinian Insurance (XPAE:TIC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abraj House, 2nd floor, Box: 1444, Ein Munjed, Ramallah, PSE

Website

https://www.altakaful-ins.ps

Al-Takaful Palestinian Insurance is a Palestine-based company that is engaged in providing multiple insurance programs and services that is compliant with Shariah. The company provides Medical insurance, which provides insurance for general and physician doctors, pharmacies, laboratories, and X-rays; Motor insurance, which provides insurance for theft, collision, and fire; Family insurance, which provides insurance for natural death, accidental death, and other; and General insurance. The company sells its insurance via branches, offices, and authorized dealers.

Al-Takaful Palestinian Insurance Headlines

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