Federal Life Group (Federal Life Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2019)

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What is Federal Life Group Long-Term Capital Lease Obligation?

Federal Life Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2019 was $0.00 Mil.

Federal Life Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Federal Life 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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Federal Life Group Long-Term Capital Lease Obligation Chart

Federal Life Group Annual Data

Trend

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Dec18

Long-Term Capital Lease Obligation

Federal Life Group Quarterly Data
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Federal Life Group (OTCPK:FLFG) 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.

Federal Life Group Long-Term Capital Lease Obligation Related Terms

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Federal Life Group (Federal Life Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Federal Life Group Inc (OTCPK:FLFG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3750 West Deerfield Road, Riverwoods, IL, USA, 60015

Website

https://www.federallife.com

Federal Life Group Inc provides life insurance and annuity products targeted to the middle American market. Its core business activities include the sale of life insurance and fixed index and fixed rate annuities. Products offered by the company include Lifetime Coverage, Specific Period of Time Coverage, Flexible Coverage, Long-Term Growth with Fixed and Index-Linked Options, Multi-Pay Retirement Savings Plan, Single-Pay Retirement Savings Plan, Immediate Guaranteed Retirement Income, Final Expense Plan, Final Expense Plan - Limited Health Issues and Single-Pay Permanent Life.

Executives

Craig A Huff	director	650 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Matthew T. Popoli	director, 10 percent owner	3750 WEST DEERFIELD ROAD, RIVERWOODS IL 60015
Insurance Capital Group, Llc	10 percent owner	767 FIFTH AVENUE, 16TH FLOOR, NEW YORK NY 10153

Federal Life Group (Federal Life Group) Headlines

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