Fairfax Financial Holdings (Fairfax Financial Holdings) Long-Term Capital Lease Obligation : $1,075 Mil (As of Dec. 2023)

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What is Fairfax Financial Holdings Long-Term Capital Lease Obligation?

Fairfax Financial Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,075 Mil.

Fairfax Financial Holdings's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 ($0 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($1,075 Mil).

Fairfax Financial Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,141 Mil) to Dec. 2022 ($1,094 Mil) and declined from Dec. 2022 ($1,094 Mil) to Dec. 2023 ($1,075 Mil).

Fairfax Financial Holdings Long-Term Capital Lease Obligation Historical Data

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

Fairfax Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,496.40

1,452.10

1,140.70

1,094.00

1,075.20

Fairfax Financial 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															1,094.00	-	-	-	1,075.20

Fairfax Financial Holdings (OTCPK:FRFHF) 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.

Fairfax Financial Holdings Long-Term Capital Lease Obligation Related Terms

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Fairfax Financial Holdings (Fairfax Financial Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fairfax Financial Holdings Ltd (OTCPK:FRFHF) » Definitions » Long-Term Capital Lease Obligation

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Address

95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7

Website

https://www.fairfax.ca

Fairfax provides reinsurance and property and casualty insurance in Canada, the United States, and other international markets. The company also has some noninsurance operations such as restaurants. Fairfax has been led by Prem Watsa, its chairman and CEO, since its formation in 1985.