Prudential (Prudential) Long-Term Capital Lease Obligation : $234 Mil (As of Dec. 2023)

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What is Prudential Long-Term Capital Lease Obligation?

Prudential's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $234 Mil.

Prudential's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($299 Mil) to Jun. 2023 ($248 Mil) and declined from Jun. 2023 ($248 Mil) to Dec. 2023 ($234 Mil).

Prudential's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($347 Mil) to Dec. 2022 ($299 Mil) and declined from Dec. 2022 ($299 Mil) to Dec. 2023 ($234 Mil).

Prudential Long-Term Capital Lease Obligation Historical Data

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

Prudential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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630.00

496.00

347.00

299.00

234.00

Prudential Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															347.00	286.00	299.00	248.00	234.00

Prudential (OTCPK:PUKPF) 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.

Prudential Long-Term Capital Lease Obligation Related Terms

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Prudential (Prudential) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Prudential PLC (OTCPK:PUKPF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PUK:USA K6S:Singapore 02378:Hong Kong PRUl:UK PRU:UK PRU:Germany P1UK34:Brazil

Address

1 Angel Court, London, GBR, EC2R 7AG

Website

https://www.prudentialplc.com

Originally established as Prudential Mutual Assurance, Investment, and Loan Association in 1848, Prudential plc has moved on a lot since then. Set up to sell life insurance and loans to the middle and then the industrializing and urbanizing working classes, the company subsequently diversified into Europe and then North America with the purchase of Jackson National Life in around 1985. During its time as owner of Jackson, Prudential focused on building out a simple chassis-style product portfolio where customers could choose a variety of add-ons. The company also became renowned for its focus on building requisite internal capabilities to support its strong product offerings, including compelling technology and a large and well-trained distribution force.