GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lancashire Holdings Ltd (OTCPK:LCSHF) » Definitions » Long-Term Capital Lease Obligation

Lancashire Holdings (Lancashire Holdings) Long-Term Capital Lease Obligation : $22 Mil (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Lancashire Holdings Long-Term Capital Lease Obligation?

Lancashire Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $22 Mil.

Lancashire Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($21 Mil) to Jun. 2023 ($23 Mil) but then declined from Jun. 2023 ($23 Mil) to Dec. 2023 ($22 Mil).

Lancashire Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($18 Mil) to Dec. 2022 ($21 Mil) and increased from Dec. 2022 ($21 Mil) to Dec. 2023 ($22 Mil).

Lancashire Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lancashire Holdings'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.

* Premium members only.

Lancashire Holdings Long-Term Capital Lease Obligation Chart

Lancashire Holdings 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 19.40 18.10 17.90 21.10 21.50

Lancashire Holdings 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 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 17.90 15.10 21.10 23.20 21.50

Lancashire Holdings  (OTCPK:LCSHF) 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.

Lancashire Holdings Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Lancashire Holdings's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Lancashire Holdings (Lancashire Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lancashire Holdings Ltd (OTCPK:LCSHF) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
LSE:JUST LSE:RQIH LSE:BEZ FNF SAU:8210 AIZ ASX:MPL RYAN ESNT FAF MTG AXS ACT RDN AGO NMIH ASX:NHF JSE:SNT CAS:WAA OSL:PROT
Traded in Other Exchanges
LREl:UK LRE:UK
Address
7 Par-la-Ville Road, Power House, Hamilton, BMU, HM 11
Website
https://www.lancashiregroup.com
Lancashire Holdings Ltd is a specialty insurer and reinsurer. More than two-thirds of the premiums it receives are for insurance and reinsurance contracts that cover the United States and Canada or offshore areas throughout the world. Property insurance and reinsurance premiums provide the largest portion of the company's revenue. The company also provides insurance in the energy, marine, and aviation segments. More than a third of the company's premiums come through the company's Cathedral platform, which consists of two syndicates within Lloyd's market.