Admiral Group (Admiral Group) Long-Term Capital Lease Obligation : $103 Mil (As of Dec. 2023)

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What is Admiral Group Long-Term Capital Lease Obligation?

Admiral Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $103 Mil.

Admiral Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($108 Mil) to Jun. 2023 ($105 Mil) and declined from Jun. 2023 ($105 Mil) to Dec. 2023 ($103 Mil).

Admiral Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($140 Mil) to Dec. 2022 ($108 Mil) and declined from Dec. 2022 ($108 Mil) to Dec. 2023 ($103 Mil).

Admiral Group Long-Term Capital Lease Obligation Historical Data

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

Admiral Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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179.69

165.05

140.03

107.80

102.79

Admiral Group 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															140.03	114.53	107.80	105.05	102.79

Admiral Group (OTCPK:AMIGY) 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.

Admiral Group Long-Term Capital Lease Obligation Related Terms

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Admiral Group (Admiral Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Admiral Group PLC (OTCPK:AMIGY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ADMl:UK ADM:UK FLN:Germany

Address

David Street, Ty Admiral, Cardiff, GBR, CF10 2EH

Website

https://www.admiralgroup.co.uk

Admiral is a personal lines insurance company that operates predominantly in the United Kingdom. The business is mainly a motor insurer, with U.K. motor and international cars accounting for the majority of Admiral's gross written premium. The business also has a nascent but growing U.K. household insurance division. Admiral was established in 1993 to sell motor insurance to nonstandard risk policyholders. These nonstandard risks included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years, Admiral has continued to expand its wheelhouse of nonstandard risk selection.

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