Ageas/ NV (WBO:AGS) Long-Term Capital Lease Obligation : €656 Mil (As of Dec. 2023)

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What is Ageas/ NV Long-Term Capital Lease Obligation?

Ageas/ NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €656 Mil.

Ageas/ NV's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€630 Mil) to Jun. 2023 (€637 Mil) and increased from Jun. 2023 (€637 Mil) to Dec. 2023 (€656 Mil).

Ageas/ NV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€560 Mil) to Dec. 2022 (€630 Mil) and increased from Dec. 2022 (€630 Mil) to Dec. 2023 (€656 Mil).

Ageas/ NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ageas/ NV'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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Ageas/ NV Long-Term Capital Lease Obligation Chart

Ageas/ NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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506.00

570.00

560.00

630.00

656.00

Ageas/ NV 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															560.00	540.00	630.00	637.00	656.00

Ageas/ NV (WBO:AGS) 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.

Ageas/ NV Long-Term Capital Lease Obligation Related Terms

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Ageas/ NV (WBO:AGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ageas SA/ NV (WBO:AGS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AGESY:USA AGS:Mexico AGS:Italy AGSb:UK 0Q99:UK FO4N:Germany AGS:Belgium

Address

Rue du Marquis 1/Markiesstraat 1, Box 7, Brussels, BEL, 1000

Website

https://www.ageas.com

Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis' capital began to decline, the company initiated a rights issue and the long-held promised dividend was suspended. As Fortis' share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government, and BNP Paribas and was asked to spin off its insurance and asset management divisions.