Aflac (WBO:AFL) Long-Term Capital Lease Obligation : €114 Mil (As of Dec. 2023)

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What is Aflac Long-Term Capital Lease Obligation?

Aflac's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €114 Mil.

Aflac's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€135 Mil) to Sep. 2023 (€128 Mil) and declined from Sep. 2023 (€128 Mil) to Dec. 2023 (€114 Mil).

Aflac's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€104 Mil) to Dec. 2022 (€139 Mil) but then declined from Dec. 2022 (€139 Mil) to Dec. 2023 (€114 Mil).

Aflac Long-Term Capital Lease Obligation Historical Data

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

Aflac Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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144.90

126.59

103.55

138.77

113.71

Aflac 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															138.77	140.10	134.76	128.37	113.71

Aflac (WBO:AFL) 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.

Aflac Long-Term Capital Lease Obligation Related Terms

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Aflac (WBO:AFL) Business Description

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Address

1932 Wynnton Road, Columbus, GA, USA, 31999

Website

https://www.aflac.com

Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.