E-L Financial (TSX:ELF) Long-Term Capital Lease Obligation : C$0 Mil (As of Dec. 2023)

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What is E-L Financial Long-Term Capital Lease Obligation?

E-L Financial's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0 Mil.

E-L Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for E-L Financial'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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E-L Financial Long-Term Capital Lease Obligation Chart

E-L Financial Annual Data

Trend

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Long-Term Capital Lease Obligation

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E-L Financial Quarterly Data
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E-L Financial (TSX:ELF) 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.

E-L Financial Long-Term Capital Lease Obligation Related Terms

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E-L Financial (TSX:ELF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » E-L Financial Corp Ltd (TSX:ELF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ELFIF:USA ELF.PR.H.PFD:Canada ELF.PR.G.PFD:Canada ELF.PR.F.PFD:Canada

Address

165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8

Website

https://www.e-lfinancial.ca

E-L Financial Corp Ltd operates as an investment and insurance holding company that provides a broad range of wealth management products, individual insurance products, group plans, and financial services to meet the needs of individuals, professionals, and businesses. The firm has two segments; The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products, and the E-L Corporate segment operations include the oversight of investments in equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies. The firm generates a majority of its revenue from the E-L Corporate segment.