Intact Financial (TSX:IFC.PR.D.PFD) Long-Term Capital Lease Obligation : C$660.00 Mil (As of Dec. 2023)

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What is Intact Financial Long-Term Capital Lease Obligation?

Intact Financial's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$660.00 Mil.

Intact Financial's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$638.00 Mil) to Sep. 2023 (C$636.00 Mil) but then increased from Sep. 2023 (C$636.00 Mil) to Dec. 2023 (C$660.00 Mil).

Intact Financial's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$638.00 Mil) to Dec. 2022 (C$622.00 Mil) but then increased from Dec. 2022 (C$622.00 Mil) to Dec. 2023 (C$660.00 Mil).

Intact Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Intact 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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Intact Financial Long-Term Capital Lease Obligation Chart

Intact Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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461.00

447.00

638.00

622.00

660.00

Intact Financial 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															622.00	641.00	638.00	636.00	660.00

Intact Financial (TSX:IFC.PR.D.PFD) 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.

Intact Financial Long-Term Capital Lease Obligation Related Terms

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Intact Financial (TSX:IFC.PR.D.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Intact Financial Corp (TSX:IFC.PR.D.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

700 University Avenue, Suite 1500, Toronto, ON, CAN, M5G 0A1

Website

https://www.intactfc.com

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.

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