Vienna Insurance Group AG (WBO:VIG) Long-Term Capital Lease Obligation : €0 Mil (As of Jun. 2023)

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What is Vienna Insurance Group AG Long-Term Capital Lease Obligation?

Vienna Insurance Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0 Mil.

Vienna Insurance Group AG's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€0 Mil) to Dec. 2022 (€183 Mil) but then declined from Dec. 2022 (€183 Mil) to Jun. 2023 (€0 Mil).

Vienna Insurance Group AG's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (€190 Mil) to Dec. 2021 (€181 Mil) but then increased from Dec. 2021 (€181 Mil) to Dec. 2022 (€183 Mil).

Vienna Insurance Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vienna Insurance Group AG'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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Vienna Insurance Group AG Long-Term Capital Lease Obligation Chart

Vienna Insurance Group AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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199.33

189.76

181.05

183.13

Vienna Insurance Group AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															174.39	181.05	-	183.13	-

Vienna Insurance Group AG (WBO:VIG) 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.

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Vienna Insurance Group AG (WBO:VIG) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Vienna Insurance Group AG (WBO:VIG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

VIG:Hungary 0MZX:UK WSV2:Germany VIG:Czech Republic

Address

Schottenring 30, Vienna, AUT, 1010

Website

https://www.vig.com

Vienna Insurance Group AG is a diversified insurance company that offers property and casualty, life, and health insurance products. The company maintains its goal of consolidating market leadership in Austria while taking advantage of the growth potential in Central and Eastern Europe. The company generates most of its revenue in Austria, followed by the Czech Republic and Poland. The company considers merger and acquisition investment as a component of its operational growth strategy.

Executives