Definity Financial (TSX:DFY) Long-Term Capital Lease Obligation : C$36 Mil (As of Dec. 2023)

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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 Dec. 2023 was C$36 Mil.

Definity Financial's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$34 Mil) to Sep. 2023 (C$35 Mil) and increased from Sep. 2023 (C$35 Mil) to Dec. 2023 (C$36 Mil).

Definity Financial's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$19 Mil) to Dec. 2022 (C$32 Mil) and increased from Dec. 2022 (C$32 Mil) to Dec. 2023 (C$36 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

Long-Term Capital Lease Obligation

21.70

18.90

31.70

35.60

Definity Financial Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								31.70	30.50	33.60	35.30	35.60

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 (TSX:DFY) Business Description

Industry

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

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Traded in Other Exchanges

DFYFF:USA

Address

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

Website

https://www.definityfinancial.com

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial insurance products include fleet, individually-rated commercial auto, property, liability, and specialty insurance products.

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