Legal & General Group (LSE:LGEN) Long-Term Capital Lease Obligation : £0 Mil (As of Jun. 2024)

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What is Legal & General Group Long-Term Capital Lease Obligation?

Legal & General Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0 Mil.

Legal & General Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Legal & General 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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Legal & General Group Long-Term Capital Lease Obligation Chart

Legal & General Group Annual Data

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Long-Term Capital Lease Obligation

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Legal & General Group Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Legal & General Group (LSE:LGEN) 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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Legal & General Group Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (LSE:LGEN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LGGNY:USA LGGNF:USA LGENl:UK LGI0:Germany LGI:Germany LGI:Germany

Address

One Coleman Street, London, GBR, EC2R 5AA

Website

https://www.legalandgeneralgroup.com

Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and Retail. The retirement business provides guaranteed retirement income for corporate pension scheme members. The Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment uses customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Retail business provides of UK retail retirement and protection solutions and US brokerage term life insurance. The majority of its assets under management are derived from the United Kingdom and Europe.

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