Kansas City Life Insurance Co (Kansas City Life Insurance Co) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)

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What is Kansas City Life Insurance Co Long-Term Capital Lease Obligation?

Kansas City Life Insurance Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.

Kansas City Life Insurance Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kansas City Life Insurance Co'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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Kansas City Life Insurance Co Long-Term Capital Lease Obligation Chart

Kansas City Life Insurance Co Annual Data

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Long-Term Capital Lease Obligation

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Kansas City Life Insurance Co Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Kansas City Life Insurance Co (OTCPK:KCLI) 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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Kansas City Life Insurance Co (Kansas City Life Insurance Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kansas City Life Insurance Co (OTCPK:KCLI) » Definitions » Long-Term Capital Lease Obligation

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Address

3520 Broadway, Kansas, MO, USA, 64111-2565

Website

http://www.kclife.com

Kansas City Life Insurance Co is a Missouri-domiciled insurance company providing individual life, annuity, and group products through general agencies located throughout the United States. The company operates its business in three segments; The Individual Insurance segment consists of individual insurance products for Kansas City Life, Grange Life, and the assumed reinsurance transactions, The Group Insurance segment consists of sales of group life, dental, vision, disability, accident, and critical illness products, and The Old American segment consists of individual insurance products designed largely as final expense products, out of which the Individual insurance segment derives the maximum revenue.