Porto Seguro (BSP:PSSA3) Long-Term Capital Lease Obligation : R$141 Mil (As of Dec. 2023)

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What is Porto Seguro Long-Term Capital Lease Obligation?

Porto Seguro's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$141 Mil.

Porto Seguro's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (R$152 Mil) to Sep. 2023 (R$149 Mil) and declined from Sep. 2023 (R$149 Mil) to Dec. 2023 (R$141 Mil).

Porto Seguro's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$148 Mil) to Dec. 2022 (R$160 Mil) but then declined from Dec. 2022 (R$160 Mil) to Dec. 2023 (R$141 Mil).

Porto Seguro Long-Term Capital Lease Obligation Historical Data

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

Porto Seguro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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124.15

115.34

148.31

159.70

140.72

Porto Seguro 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															159.70	155.60	152.05	148.63	140.72

Porto Seguro (BSP:PSSA3) 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.

Porto Seguro Long-Term Capital Lease Obligation Related Terms

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Porto Seguro (BSP:PSSA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Porto Seguro SA (BSP:PSSA3) » Definitions » Long-Term Capital Lease Obligation

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Address

Alameda Barao de Piracicaba, No. 740, Bloco B (Edifício Rosa Garfinkel) – 11th Floor, Campos Eliseos, Sao Paulo, SP, BRA

Website

https://www.portoseguro.com.br

Porto Seguro SA is one of Brazil's largest diversified insurance companies that cover vehicles and residential homes. The company provides a wide range of services including risk underwriting analysis, bike assistance, and surveillance. Porto Seguro has also implemented credit card and mobile products. The company aims to provide products that meet several market segments' needs through the following brands: Porto Seguro, Itau Auto e Residencia, and Azul Seguros. Porto Seguro's operating structure is split between brokers, service providers, automotive centers, and branches.

Porto Seguro (BSP:PSSA3) Headlines

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