Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Long-Term Capital Lease Obligation : $139 Mil (As of Dec. 2023)

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What is Gjensidige Forsikring ASA Long-Term Capital Lease Obligation?

Gjensidige Forsikring ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $139 Mil.

Gjensidige Forsikring ASA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($131 Mil) to Sep. 2023 ($131 Mil) but then increased from Sep. 2023 ($131 Mil) to Dec. 2023 ($139 Mil).

Gjensidige Forsikring ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($142 Mil) to Dec. 2022 ($140 Mil) and declined from Dec. 2022 ($140 Mil) to Dec. 2023 ($139 Mil).

Gjensidige Forsikring ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gjensidige Forsikring ASA'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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Gjensidige Forsikring ASA Long-Term Capital Lease Obligation Chart

Gjensidige Forsikring ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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124.68

116.73

141.55

140.38

138.69

Gjensidige Forsikring ASA 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															140.38	130.34	131.38	131.26	138.69

Gjensidige Forsikring ASA (OTCPK:GJNSY) 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.

Gjensidige Forsikring ASA Long-Term Capital Lease Obligation Related Terms

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Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gjensidige Forsikring ASA (OTCPK:GJNSY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GJFo:Sweden GJF:Norway 0OJC:UK XGJ:Germany

Address

Schweigaardsgate 21, Oslo, NOR, 0191

Website

https://www.gjensidige.no

Gjensidige Forsikring ASA is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Headlines

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