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Vatryggingafelag Islands hf (OISE:VIS) Long-Term Capital Lease Obligation : kr549 Mil (As of Mar. 2024)


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What is Vatryggingafelag Islands hf Long-Term Capital Lease Obligation?

Vatryggingafelag Islands hf's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr549 Mil.

Vatryggingafelag Islands hf's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr584 Mil) to Dec. 2023 (kr637 Mil) but then declined from Dec. 2023 (kr637 Mil) to Mar. 2024 (kr549 Mil).

Vatryggingafelag Islands hf's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr742 Mil) to Dec. 2022 (kr664 Mil) and declined from Dec. 2022 (kr664 Mil) to Dec. 2023 (kr637 Mil).

Vatryggingafelag Islands hf Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vatryggingafelag Islands hf'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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Vatryggingafelag Islands hf Long-Term Capital Lease Obligation Chart

Vatryggingafelag Islands hf Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 917.39 831.42 742.48 663.80 636.97

Vatryggingafelag Islands hf 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 643.85 618.41 583.75 636.97 548.61

Vatryggingafelag Islands hf  (OISE:VIS) 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.

Vatryggingafelag Islands hf Long-Term Capital Lease Obligation Related Terms

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Vatryggingafelag Islands hf (OISE:VIS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Vatryggingafelag Islands hf (OISE:VIS) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
OISE:MAREL OISE:NOVA OISE:SIMINN OISE:FESTI OISE:HAGA OISE:SVN OISE:SJOVA OISE:REITIR OISE:BRIM OISE:KVIKA BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO
Traded in Other Exchanges
N/A
Address
Ármúla 3, Reykjavik, ISL, 108
Website
https://www.vis.is
Vatryggingafelag Islands hf is an insurance company based in Iceland. The company's operating segments include Casuality insurance, Life insurance, and Financial activities. It generates a majority of its revenue from the Casuality insurance segment.