NN Group NV (NN Group NV) Long-Term Capital Lease Obligation : $254 Mil (As of Dec. 2023)

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What is NN Group NV Long-Term Capital Lease Obligation?

NN Group NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $254 Mil.

NN Group NV's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($270 Mil) to Jun. 2023 ($276 Mil) but then declined from Jun. 2023 ($276 Mil) to Dec. 2023 ($254 Mil).

NN Group NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($332 Mil) to Dec. 2022 ($270 Mil) and declined from Dec. 2022 ($270 Mil) to Dec. 2023 ($254 Mil).

NN Group NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for NN Group NV'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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NN Group NV Long-Term Capital Lease Obligation Chart

NN Group NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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383.33

407.54

332.20

270.13

254.09

NN Group NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															332.20	284.36	270.13	276.27	254.09

NN Group NV (OTCPK:NNGRY) 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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NN Group NV (NN Group NV) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (OTCPK:NNGRY) » Definitions » Long-Term Capital Lease Obligation

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NNGPF:USA NN:Netherlands NNa:UK 0QVV:UK 2NN:Germany NN:Austria

Address

Schenkkade 65, The Hague, ZH, NLD, 2595 AS

Website

https://www.nn-group.com

Nationale Nederlanden Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life; Netherlands nonlife; insurance Europe; and Japan life. The Netherlands life business is the biggest division of the company and tends to generate around three quarters of operating income. That business sells traditional spread-based long-term savings and the new style-defined contribution savings products. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined contribution products are managed by Goldman Sachs. Since around 2013, NN has managed its individual life insurance business as being closed to new business.