Argo Group International Holdings (Argo Group International Holdings) Long-Term Capital Lease Obligation : $59.40 Mil (As of Sep. 2023)

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What is Argo Group International Holdings Long-Term Capital Lease Obligation?

Argo Group International Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $59.40 Mil.

Argo Group International Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($63.00 Mil) to Jun. 2023 ($60.80 Mil) and declined from Jun. 2023 ($60.80 Mil) to Sep. 2023 ($59.40 Mil).

Argo Group International Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($95.80 Mil) to Dec. 2021 ($97.70 Mil) but then declined from Dec. 2021 ($97.70 Mil) to Dec. 2022 ($66.40 Mil).

Argo Group International Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Argo Group International 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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Argo Group International Holdings Long-Term Capital Lease Obligation Chart

Argo Group International Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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105.70

95.80

97.70

66.40

Argo Group International Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															68.90	66.40	63.00	60.80	59.40

Argo Group International Holdings (NYSE:ARGOpA.PFD) 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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Argo Group International Holdings (Argo Group International Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Argo Group International Holdings Inc (NYSE:ARGOpA.PFD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

501 7th Avenue, 7th Floor, New York, NY, USA, 10018

Website

https://www.argolimited.com

Argo Group International Holdings Inc formerly Argo Group International Holdings Ltd is a property and casualty insurance company. It has two reportable segments which are U.S. Operations and International Operations. The U.S. Operations segment is comprised of two primary operating divisions, Excess and Surplus Lines and Specialty Admitted, while International Operations' primary operating divisions are Syndicate 1200, Reinsurance, and Argo Insurance Bermuda. The vast majority of revenue generation occurs within the excess and surplus lines segment, which underwrites casualty, property, and professional liability coverage for various clients. Argo generates the majority of its revenue in the United States, followed by the United Kingdom and Bermuda.