Harel Insurance Investments & Financial Services (XTAE:HARL) Long-Term Capital Lease Obligation : ₪76 Mil (As of Dec. 2023)

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What is Harel Insurance Investments & Financial Services Long-Term Capital Lease Obligation?

Harel Insurance Investments & Financial Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪76 Mil.

Harel Insurance Investments & Financial Services'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 (₪76 Mil).

Harel Insurance Investments & Financial Services's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₪80 Mil) to Dec. 2022 (₪69 Mil) but then increased from Dec. 2022 (₪69 Mil) to Dec. 2023 (₪76 Mil).

Harel Insurance Investments & Financial Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Harel Insurance Investments & Financial Services'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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Harel Insurance Investments & Financial Services Long-Term Capital Lease Obligation Chart

Harel Insurance Investments & Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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74.00

80.00

69.00

76.00

Harel Insurance Investments & Financial Services 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															69.00	-	-	-	76.00

Harel Insurance Investments & Financial Services (XTAE:HARL) 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.

Harel Insurance Investments & Financial Services Long-Term Capital Lease Obligation Related Terms

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Harel Insurance Investments & Financial Services (XTAE:HARL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Harel Insurance Investments & Financial Services Ltd (XTAE:HARL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Abba Hillel Street, Ramat Gan, ISR

Website

https://www.harel-group.co.il

Harel Insurance Investments & Financial Services Ltd is a diversified insurance company that offers a selection of life insurance policies, health insurance, nursing insurance, travel insurance, car insurance, and rent and property insurance to residential and commercial customers in Israel. The company also generates revenue through investment portfolio management, mutual funds, and exchange-traded funds.

Harel Insurance Investments & Financial Services (XTAE:HARL) Headlines

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