Allianz SE (XTER:ALV) Long-Term Capital Lease Obligation

: €0 Mil (As of Dec. 2023)

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Allianz SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil.

Allianz SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2,790 Mil) to Dec. 2022 (€2,740 Mil) and declined from Dec. 2022 (€2,740 Mil) to Dec. 2023 (€0 Mil).

Allianz SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for Allianz SE'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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Allianz SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2,791.00

2,725.00

2,790.00

2,740.00

Allianz SE 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																2,740.00	-	-	-	-

Allianz SE (XTER:ALV) 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.

Allianz SE Long-Term Capital Lease Obligation Related Terms

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Allianz SE (XTER:ALV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allianz SE (XTER:ALV) » Definitions » Long-Term Capital Lease Obligation

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Address

Koniginstrasse 28, Munich, BY, DEU, 80802

Website

https://www.allianz.com

Allianz was founded as a transport and accident insurance firm in 1890 by Carl Thieme and Wilhelm Finck, the founders of Munich Re. It took the company 5 years to expand the business into Europe and North America and subsequently listed in Berlin. After the First World War, individuals became confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after the Second World War, Allianz's foreign assets were seized and it lost its foreign business. By relocating its head office from Berlin to Munich in 1948, Allianz began the long road of rebuilding its domestic business. It took almost 20 years for Allianz to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.

Executives

Dr. Klaus-peter Röhler

Board of Directors