Employers Holdings (Employers Holdings) Long-Term Capital Lease Obligation : $5.9 Mil (As of Dec. 2023)

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What is Employers Holdings Long-Term Capital Lease Obligation?

Employers Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.9 Mil.

Employers Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($5.4 Mil) to Sep. 2023 ($5.1 Mil) but then increased from Sep. 2023 ($5.1 Mil) to Dec. 2023 ($5.9 Mil).

Employers Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($16.6 Mil) to Dec. 2022 ($13.6 Mil) and declined from Dec. 2022 ($13.6 Mil) to Dec. 2023 ($5.9 Mil).

Employers Holdings Long-Term Capital Lease Obligation Historical Data

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

Employers Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17.80

19.90

16.60

13.60

5.90

Employers 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															13.60	12.80	5.40	5.10	5.90

Employers Holdings (NYSE:EIG) 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.

Employers Holdings Long-Term Capital Lease Obligation Related Terms

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Employers Holdings (Employers Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Employers Holdings Inc (NYSE:EIG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

YGB:Germany

Address

10375 Professional Circle, Reno, NV, USA, 89521

Website

http://www.employers.com

Employers Holdings Inc provides workers' compensation insurance, primarily to small businesses in low- to medium hazard industries. Its customers are employers, and the insurance premiums that those employers pay account for more than 90% of total company revenue. Substantially all of the remaining revenue is generated through investments. The company operates exclusively in the United States, and it generates more than half of its business in California. By industry, the company has the most exposure to restaurants, which account for roughly a fourth of the total premiums the company earns.

Executives

Katherine H. Antonello	officer: EVP, Chief Actuary	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Alejandro Perez-tenessa	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael J Mcsally	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Christopher Laws	officer: EVP, Chief Actuary	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Tracey Lynn Berg	officer: EVP, Chief Information Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Stephen V Festa	officer: Sr VP & CCO, EICN and ECIC	9790 GATEWAY DRIVE, SUITE 200, RENO NV 89521
Douglas D Dirks	director, officer: President and CEO of EIG	10375 PROFESSIONAL CIRCLE, RENO NV 89521
De Figueiredo Joao M	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
James R Kroner	director	600 FOURTH STREET, P.O. BOX 6000, SIOUX CITY IA 51102-6000
Jeanne L Mockard	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Lawrence S Rogers	officer: SVP, Chief Underwriting Office	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Richard W Blakey	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
John M. Mutschink	officer: SVP, Chief HR Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael Scott Paquette	officer: EVP, Chief Financial Officer	EMPLOYERS HOLDINGS, INC., 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Barry J. Vogt	officer: SVP, Chief Claims Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521