Clal Insurance Enterprises Holdings (XTAE:CLIS) Long-Term Capital Lease Obligation : ₪769 Mil (As of Mar. 2024)

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What is Clal Insurance Enterprises Holdings Long-Term Capital Lease Obligation?

Clal Insurance Enterprises Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪769 Mil.

Clal Insurance Enterprises Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₪775 Mil) to Dec. 2023 (₪713 Mil) but then increased from Dec. 2023 (₪713 Mil) to Mar. 2024 (₪769 Mil).

Clal Insurance Enterprises Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₪535 Mil) to Dec. 2022 (₪528 Mil) but then increased from Dec. 2022 (₪528 Mil) to Dec. 2023 (₪713 Mil).

Clal Insurance Enterprises Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Clal Insurance Enterprises 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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Clal Insurance Enterprises Holdings Long-Term Capital Lease Obligation Chart

Clal Insurance Enterprises Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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570.14

550.10

535.34

528.00

713.00

Clal Insurance Enterprises Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															783.00	781.00	775.00	713.00	769.00

Clal Insurance Enterprises Holdings (XTAE:CLIS) 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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Clal Insurance Enterprises Holdings (XTAE:CLIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Clal Insurance Enterprises Holdings Ltd (XTAE:CLIS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

36 Raul Wallenberg Road, Kiryat Atidim, Tower 8, Tel Aviv, ISR, 6136902

Website

https://www.clalbit.co.il

Clal Insurance Enterprises Holdings Ltd is an insurance company, part of IDB Group, a conglomerate from Israel. Its lines of business are: Nonlife insurance, Health insurance, Pensions, and provident funds for private and corporate clients. Clal insurance divisions are: nonlife insurance, long-term savings, and health. The nonlife insurance division offers automotive, property, personal accidents, guarantees, liability, and marine insurance, among others. The life insurance and long-term savings division manages long-term assets, such as life insurance, pensions, and funds. The health insurance division consists of health insurance products, such as local and overseas surgeries, transplants, medications, critical illness, long-term care, and accidents. The company's main market is Israel.