American Coastal Insurance (American Coastal Insurance) Long-Term Capital Lease Obligation : $0.8 Mil (As of Dec. 2023)

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What is American Coastal Insurance Long-Term Capital Lease Obligation?

American Coastal Insurance's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.8 Mil.

American Coastal Insurance's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1.2 Mil) to Sep. 2023 ($0.9 Mil) and declined from Sep. 2023 ($0.9 Mil) to Dec. 2023 ($0.8 Mil).

American Coastal Insurance's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.9 Mil) to Dec. 2022 ($1.7 Mil) and declined from Dec. 2022 ($1.7 Mil) to Dec. 2023 ($0.8 Mil).

American Coastal Insurance Long-Term Capital Lease Obligation Historical Data

The historical data trend for American Coastal Insurance'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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American Coastal Insurance Long-Term Capital Lease Obligation Chart

American Coastal Insurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.32

2.31

1.93

1.69

0.78

American Coastal Insurance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.69	1.41	1.17	0.94	0.78

American Coastal Insurance (NAS:ACIC) 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.

American Coastal Insurance Long-Term Capital Lease Obligation Related Terms

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American Coastal Insurance (American Coastal Insurance) Business Description

Industry

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

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0UI:Germany

Address

800 2nd Avenue South, Saint Petersburg, FL, USA, 33701

Website

https://www.amcoastal.com

American Coastal Insurance Corp is a holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly-owned insurance subsidiary.

Executives

Patrick Maroney	director	800 2ND AVE S, ST PETERSBURG FL 33701
Kern Michael Davis	10 percent owner	6334 BAHAMA SHORES DR, S, ST. PETERSBURG FL 33705
Hood Iii William H.	10 percent owner	3962 TARIAN CT, PALM HARBOR FL 34684
Alec Ii Poitevint	director	360 CENTRAL AVENUE, SUITE 900, SAINT PETERSBURG FL 33701
Christopher Griffith	officer: Chief Information Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Kent G Whittemore	director	360 CENTRAL AVENUE, SUITE 900, SAINT PETERSBURG FL 33701
Brad Martz	officer: Chief Financial Officer	C/O UNITED INSURANCE HOLDINGS CORP., 360 CENTRAL AVE., SUITE 900, ST. PETERSBURG FL 33701
Sherrill W Hudson	director	201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Michael Hogan	director	1359 21ST AVENUE N., SUITE 105, MYRTLE BEACH SC 29577
Gregory C Branch	director, 10 percent owner, other: Chairman of the Board	360 CENTRAL AVENUE, SUITE 900, SAINT PETERBURG FL 33701
Brooke Shirazi	officer: Chief Underwriting Officer	800 2ND AVE S, ST. PETERSBURG FL 33701
John Scott St	officer: Chief Claims Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Brooke Adler	officer: Chief Legal Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Alycia Weigley	officer: Chief Talent Officer	800 2ND AVE S, ST. PETERSBURG FL 33701
Christian Dittman	officer: Chief Risk Officer	800 2ND AVE S, ST PETERSBURG FL 33701