MS&AD Insurance Group Holdings (MS&AD Insurance Group Holdings) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is MS&AD Insurance Group Holdings Long-Term Capital Lease Obligation?

MS&AD Insurance Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

MS&AD Insurance Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for MS&AD Insurance Group Holdings'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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MS&AD Insurance Group Holdings Long-Term Capital Lease Obligation Chart

MS&AD Insurance Group Holdings Annual Data

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Long-Term Capital Lease Obligation

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MS&AD Insurance Group Holdings Quarterly Data
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MS&AD Insurance Group Holdings (OTCPK:MSADY) 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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MS&AD Insurance Group Holdings (MS&AD Insurance Group Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MS&AD Insurance Group Holdings Inc (OTCPK:MSADY) » Definitions » Long-Term Capital Lease Obligation

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MSADF:USA 8725:Japan

Address

Yaesu First Financial Building, Yaesu 1-3-7, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.ms-ad-hd.com

MS&AD is Japan's second-biggest nonlife insurer, trailing industry leader Tokio Marine in the scale of global operations although not in Japan. Like Tokio Marine and Sompo, MS&AD has grown into a second-tier presence in the domestic life insurance market since life and non-life insurance were mutually deregulated in 1996. Overseas, it is less focused on the U.S. market than its two Japanese rivals and more focused on emerging Asia, but its acquisition of Lloyd's syndicate Amlin in 2017 has increased its exposure to the European and North American markets. MS&AD has historical business connections with the Mitsui and Sumitomo groups (the 'MS' in the company name) and has a long-term partnership with Toyota Motor that is advantageous in acquiring auto insurance customers.