Definity Financial (TSX:DFY) Long-Term Capital Lease Obligation : C$33 Mil (As of Mar. 2025)

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What is Definity Financial Long-Term Capital Lease Obligation?

Definity Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$33 Mil.

Definity Financial's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (C$37 Mil) to Dec. 2024 (C$35 Mil) and declined from Dec. 2024 (C$35 Mil) to Mar. 2025 (C$33 Mil).

Definity Financial's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (C$32 Mil) to Dec. 2023 (C$36 Mil) but then declined from Dec. 2023 (C$36 Mil) to Dec. 2024 (C$35 Mil).

Definity Financial Long-Term Capital Lease Obligation Historical Data

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

Definity Financial Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

21.70

31.70

35.60

35.20

Definity Financial Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													38.30	37.80	37.00	35.20	33.30

Definity Financial (TSX:DFY) 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.

Definity Financial Long-Term Capital Lease Obligation Related Terms

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Definity Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Definity Financial Corp (TSX:DFY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

DFYFF:USA XR6:Germany

Address

111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6

Website

https://www.definityfinancial.com

Definity Financial Corp is a property and casualty insurance services provider. It serves the insurance needs of individual, commercial, and farm customers. Its products portfolio includes Personal auto insurance, Personal home insurance, Group auto insurance, Group home insurance, Business property insurance, Business liability insurance, Commercial vehicle insurance, Surety bonds, Oilfield services insurance, General farm insurance, Premier cash crop insurance, and Winery insurance.

Executives

Micheal Joseph Kelly	Director
Rowan Saunders	Director, Senior Officer
Craig Edward David Richardson	Senior Officer
Tatjana Lalkovic	Senior Officer
Swiss Re Ltd	10% Security Holder
Liam Michael Mcfarlane	Senior Officer
Obaid Rahman	Senior Officer
Brigid V. Pelino	Senior Officer
Hans Reidl	Senior Officer

Definity Financial Headlines

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