Hastings Group Holdings (LSE:HSTG) Long-Term Capital Lease Obligation : £0.0 Mil (As of Jun. 2020)

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What is Hastings Group Holdings Long-Term Capital Lease Obligation?

Hastings Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was £0.0 Mil.

Hastings Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hastings Group Holdings'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.
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Hastings Group Holdings Long-Term Capital Lease Obligation Chart

Hastings Group Holdings Annual Data

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Long-Term Capital Lease Obligation

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Hastings Group Holdings Semi-Annual Data
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Hastings Group Holdings (LSE:HSTG) 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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Hastings Group Holdings (LSE:HSTG) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hastings Group Holdings PLC (LSE:HSTG) » Definitions » Long-Term Capital Lease Obligation

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Address

32-34 Collington Avenue, Conquest House, Bexhill-on-Sea, East Sussex, GBR, TN39 3LW

Website

https://www.hastingsplc.com

Hastings Group Holdings PLC is a digitally focused general insurance provider serving the UK car, van, bike, and home insurance market. The group has two reportable trading segments, the Underwriting business segment which includes Advantage Insurance company Limited's (AICL) and its investment in Conquest House Limited, the principal activity of AICL is the underwriting of general insurance, predominantly private car insurance in the UK. Its Retail Segment includes the principal activity of the provision of insurance broking services to the private car, van, bike and home markets in the UK through the UK trading subsidiary Hastings Insurance Services Limited. The company generates maximum revenue from the Underwriting business segment.

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