First National Financial (FRA:63Z) Long-Term Capital Lease Obligation : €31.5 Mil (As of Sep. 2024)

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What is First National Financial Long-Term Capital Lease Obligation?

First National Financial's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €31.5 Mil.

First National Financial's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (€33.3 Mil) to Jun. 2024 (€32.7 Mil) and declined from Jun. 2024 (€32.7 Mil) to Sep. 2024 (€31.5 Mil).

First National Financial's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€36.6 Mil) to Dec. 2022 (€35.6 Mil) and declined from Dec. 2022 (€35.6 Mil) to Dec. 2023 (€34.0 Mil).

First National Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for First National Financial'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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First National Financial Long-Term Capital Lease Obligation Chart

First National Financial Annual Data

Trend

Dec14

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Dec16

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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5.10

14.71

36.56

35.56

33.96

First National Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															33.87	33.96	33.26	32.66	31.55

First National Financial (FRA:63Z) 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.

First National Financial Long-Term Capital Lease Obligation Related Terms

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First National Financial Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Financial Corp (FRA:63Z) » Definitions » Long-Term Capital Lease Obligation

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FNLIF:USA FN.PR.B.PFD:Canada FN.PR.A.PFD:Canada FN:Canada

Address

16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6

Website

https://www.firstnational.ca

First National Financial Corp is a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.

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