Markel Group (LTS:0JYM) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Markel Group Long-Term Capital Lease Obligation?

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

Markel Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Markel 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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Markel Group Long-Term Capital Lease Obligation Chart

Markel Group Annual Data

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Long-Term Capital Lease Obligation

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Markel Group Quarterly Data
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Markel Group (LTS:0JYM) 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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Markel Group (LTS:0JYM) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Markel Group Inc (LTS:0JYM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MKL:USA MKL:Mexico MKV:Germany MKV:Germany MKLC34:Brazil

Address

4521 Highwoods Parkway, Glen Allen, VA, USA, 23060-6148

Website

https://www.markel.com

Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.

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