Cincinnati Financial (Cincinnati Financial) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Cincinnati Financial Long-Term Capital Lease Obligation?

Cincinnati Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

Cincinnati Financial's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($54 Mil) to Dec. 2023 ($59 Mil) but then declined from Dec. 2023 ($59 Mil) to Mar. 2024 ($0 Mil).

Cincinnati Financial's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($54 Mil) to Dec. 2022 ($52 Mil) but then increased from Dec. 2022 ($52 Mil) to Dec. 2023 ($59 Mil).

Cincinnati Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cincinnati Financial'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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Cincinnati Financial Long-Term Capital Lease Obligation Chart

Cincinnati Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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57.00

54.00

52.00

59.00

Cincinnati Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															56.00	53.00	54.00	59.00	-

Cincinnati Financial (NAS:CINF) 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.

Cincinnati Financial Long-Term Capital Lease Obligation Related Terms

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Cincinnati Financial (Cincinnati Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cincinnati Financial Corp (NAS:CINF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CCJ:Germany

Address

6200 S. Gilmore Road, Fairfield, OH, USA, 45014-5141

Website

https://www.cinfin.com

Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.

Executives

Dirk J Debbink	director	PO BOX 145496, CINCINNATI OH 45250-5496
Nancy Cunningham Benacci	director	PO BOX 145496, CINCINNATI OH 45250
Steven Anthony Soloria	officer: Senior Vice President- Sub	PO BOX 145496, CINCINNATI OH 45250
Douglas S Skidmore	director	PO BOX 145496, CINCINNATI OH 45250-5496
Thomas J Aaron	director	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
David P Osborn	director	P.O. BOX 145496, CINCINNATI OH 45250-5496
Charles Odell Schiff	director	PO BOX 145496, CINCINNATI OH 45250
Marc Jon Schambow	officer: SrVP/Chief Claims Officer	PO BOX 145496, CINCINNATI OH 45250
Teresa C Cracas	officer: Sr VP & Chief Risk Off. - Sub	PO BOX 145496, CINCINNATI OH 45250-5496
Angela Ossello Delaney	officer: Senior Vice President	PO BOX 145496, CINCINNATI OH 45250
Doyle Donald J Jr	officer: Sr Vice President - Subsidiary	CINCINNATI FINANCIAL CORPORATION, P.O. BOX 145496, CINCINNATI OH 45250-5496
Pratt Jill P. Meyer	director	PO BOX 145496, CINCINNATI OH 45250
Theresa A Hoffer	officer: Sr Vice President - Subsidiary	PO BOX 145496, CINCINNATI OH 45250
Sean Michael Givler	officer: Sr Vice President - Subsidiary	PO BOX 145496, CINCINNATI OH 45250
Roger A Brown	officer: Sr. Vice President-Subsidiary	PO BOX 145496, CINCINNATI OH 45250