Topdanmark A/S (Topdanmark A/S) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Topdanmark A/S Long-Term Capital Lease Obligation?

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

Topdanmark A/S Long-Term Capital Lease Obligation Historical Data

The historical data trend for Topdanmark A/S'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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Topdanmark A/S Long-Term Capital Lease Obligation Chart

Topdanmark A/S Annual Data

Trend

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Long-Term Capital Lease Obligation

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Topdanmark A/S Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Topdanmark A/S (OTCPK:TPDKY) 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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Topdanmark A/S (Topdanmark A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Topdanmark A/S (OTCPK:TPDKY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TOPc:UK 0QCQ:UK TOP:Denmark TQ71:Germany

Address

Borupvang 4, Ballerup, DNK, DK-2750

Website

https://www.topdanmark.com

Topdanmark A/S is a diversified insurance company that offers a variety of insurance products in Denmark. The company strives to maintain an expense ratio lower than the general market. Topdanmark offers life insurance, as well as non-life-insurance products that cover private households and small businesses. The company´s insurance business is segmented into three: Private offers non-life insurance policies to individual households in Denmark. This segment also includes illness and accident insurance offered through the life company; SME offers non-life insurance policies to Danish-based agricultural and SME businesses; Life offers products within life insurance and pension funds to both private and SME customers in Denmark.