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Kingstone (Kingstone) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)


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What is Kingstone Long-Term Capital Lease Obligation?

Kingstone's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.


Kingstone Long-Term Capital Lease Obligation Historical Data

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

Kingstone Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Kingstone Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Kingstone  (NAS:KINS) 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.

Kingstone Long-Term Capital Lease Obligation Related Terms

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Kingstone (Kingstone) Business Description

Traded in Other Exchanges
N/A
Address
15 Joys Lane, Kingston, NY, USA, 12401
Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company. It offers insurance policies to small and mid-sized businesses as well as to individuals.
Executives
Meryl S. Golden director, officer: Chief Operating Officer 15 JOYS LANE, KINGSTON NY 12401
Timothy P Mcfadden director 310 8TH AVENUE NORTH, ST. PETERSBURG FL 33701
Michelle A. Gage officer: Chief Accounting Officer C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Minlei Chen officer: Chief Actuary and Senior VP KINGSTONE INSURANCE COMPANY, 15 JOYS LANE, KINGSTON NY 12401
Jennifer Gravelle officer: Chief Financial Officer C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Pelt Scott Van officer: Chief Financial Officer, Treas C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
William L Yankus director 10 PHEASANT HILL, FARMINGTON CT 06032
Richard Jason Swartz officer: Chief Accounting Officer 70 EAST SUNRISE HIGHWAY, VALLEY STREAM NY 11581
Floyd R Tupper director C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Barry Goldstein director, 10 percent owner, officer: President, COB, CEO, CFO, Trea 15 JOYS LANE, KINGSTON NY 12401
Jay M Haft director, 10 percent owner C/O NEUROTROPE, INC., 50 PARK PLACE, SUITE 1401, NEWARK NJ 07102
Dale A Thatcher director 40 WANTAGE AVE, BRANCHVILLE NJ 07890
Carla D'andre director 3540 LOQUAT AVENUE, MIAMI FL 33133
Jack D Siebald director 1336 BOXWOOD DRIVE WEST, HEWLETT HARBOR NY 11557
Benjamin Walden officer: VP+Chief Actuary-Kingstone Ins 11 MILL POND LANE, CENTERPORT NY 11721