Loews (LTS:0JVI) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Loews Long-Term Capital Lease Obligation?

Loews's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

Loews Long-Term Capital Lease Obligation Historical Data

The historical data trend for Loews'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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Loews Long-Term Capital Lease Obligation Chart

Loews Annual Data

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Long-Term Capital Lease Obligation

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Loews Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Loews (LTS:0JVI) 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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Loews (LTS:0JVI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Loews Corp (LTS:0JVI) » Definitions » Long-Term Capital Lease Obligation

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Address

667 Madison Avenue, New York, NY, USA, 10065-8087

Website

https://www.loews.com

Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.

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