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QBE Insurance Group (QBE Insurance Group) Long-Term Capital Lease Obligation : $289 Mil (As of Dec. 2023)


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What is QBE Insurance Group Long-Term Capital Lease Obligation?

QBE Insurance Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $289 Mil.

QBE Insurance Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($301 Mil) to Jun. 2023 ($0 Mil) but then increased from Jun. 2023 ($0 Mil) to Dec. 2023 ($289 Mil).

QBE Insurance Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($354 Mil) to Dec. 2022 ($301 Mil) and declined from Dec. 2022 ($301 Mil) to Dec. 2023 ($289 Mil).

QBE Insurance Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for QBE Insurance Group'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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QBE Insurance Group Long-Term Capital Lease Obligation Chart

QBE Insurance Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 299.00 431.00 354.00 301.00 289.00

QBE Insurance Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 354.00 - 301.00 - 289.00

QBE Insurance Group  (OTCPK:QBIEY) 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.

QBE Insurance Group Long-Term Capital Lease Obligation Related Terms

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QBE Insurance Group (QBE Insurance Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » QBE Insurance Group Ltd (OTCPK:QBIEY) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
QBEIF:USA QBE:Germany QBE:Australia
Address
388 George Street, Level 18, Sydney, NSW, AUS, 2000
Website
https://www.qbe.com
QBE Insurance is an international property and casualty insurance company. It writes around 20% of its annual gross written premiums in its home region of Australia and New Zealand. Other key regions include North America and Europe. QBE Insurance offers a number of personal, commercial, and specialty lines, including property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health.