Helvetia Holding AG (XSWX:HELN) Long-Term Capital Lease Obligation : CHF75 Mil (As of Dec. 2023)

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What is Helvetia Holding AG Long-Term Capital Lease Obligation?

Helvetia Holding AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF75 Mil.

Helvetia Holding AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (CHF74 Mil) to Jun. 2023 (CHF0 Mil) but then increased from Jun. 2023 (CHF0 Mil) to Dec. 2023 (CHF75 Mil).

Helvetia Holding AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (CHF91 Mil) to Dec. 2022 (CHF74 Mil) but then increased from Dec. 2022 (CHF74 Mil) to Dec. 2023 (CHF75 Mil).

Helvetia Holding AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Helvetia Holding AG'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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Helvetia Holding AG Long-Term Capital Lease Obligation Chart

Helvetia Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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69.40

104.50

90.70

74.20

74.50

Helvetia Holding AG 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															90.70	-	74.20	-	74.50

Helvetia Holding AG (XSWX:HELN) 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.

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Helvetia Holding AG (XSWX:HELN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Helvetia Holding AG (XSWX:HELN) » Definitions » Long-Term Capital Lease Obligation

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HLVTY:USA HELNz:UK

Address

Dufourstrasse 40, Saint Gallen, CHE, CH-9001

Website

https://www.helvetia.com

Helvetia Holding AG is a diversified insurance company. The company operates multiple segments including life, nonlife, and other activities. The company's life segment offers life insurance, pension plans, and annuities and generates most of the company's revenue. Helvetia derives the vast majority of its revenue within Switzerland, followed by Germany and Italy. Helvetia's business focuses on retail customers, as well as corporations of all sizes. It considers merger and acquisition investment as a component of its operational growth strategy.

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