Phoenix Holdings (XTAE:PHOE) Long-Term Capital Lease Obligation : ₪123 Mil (As of Dec. 2023)

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What is Phoenix Holdings Long-Term Capital Lease Obligation?

Phoenix Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪123 Mil.

Phoenix Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₪106 Mil) to Sep. 2023 (₪120 Mil) and increased from Sep. 2023 (₪120 Mil) to Dec. 2023 (₪123 Mil).

Phoenix Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₪123 Mil) to Dec. 2022 (₪110 Mil) but then increased from Dec. 2022 (₪110 Mil) to Dec. 2023 (₪123 Mil).

Phoenix Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Phoenix Holdings'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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Phoenix Holdings Long-Term Capital Lease Obligation Chart

Phoenix Holdings Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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126.82

105.39

123.23

109.74

123.08

Phoenix Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															109.74	105.24	106.13	120.45	123.08

Phoenix Holdings (XTAE:PHOE) 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.

Phoenix Holdings Long-Term Capital Lease Obligation Related Terms

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Phoenix Holdings (XTAE:PHOE) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Phoenix Holdings Ltd (XTAE:PHOE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

53 Derech Hashalom Street, Givatayim, ISR

Website

https://www.fnx.co.il

Phoenix Holdings Ltd provides various insurance products in Israel. The company's segment includes Life insurance and savings; Health; Property and casualty insurance; Pension and provident; Financial services; Insurance agencies and Credit. It generates maximum revenue from the Life insurance and savings segments.

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