Aviva (LSE:AV.) Long-Term Capital Lease Obligation : £372 Mil (As of Dec. 2023)

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What is Aviva Long-Term Capital Lease Obligation?

Aviva's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £372 Mil.

Aviva's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£386 Mil) to Jun. 2023 (£0 Mil) but then increased from Jun. 2023 (£0 Mil) to Dec. 2023 (£372 Mil).

Aviva's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£472 Mil) to Dec. 2022 (£386 Mil) and declined from Dec. 2022 (£386 Mil) to Dec. 2023 (£372 Mil).

Aviva Long-Term Capital Lease Obligation Historical Data

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

Aviva Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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572.00

533.00

472.00

386.00

372.00

Aviva 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															472.00	-	386.00	-	372.00

Aviva (LSE:AV.) 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.

Aviva Long-Term Capital Lease Obligation Related Terms

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Aviva (LSE:AV.) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aviva PLC (LSE:AV.) » Definitions » Long-Term Capital Lease Obligation

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AIVAF:USA AVVIY:USA AVl:UK AV.B.PFD:UK AV.A.PFD:UK GU81:Germany

Address

St Helen's, 1 Undershaft, London, GBR, EC3P 3DQ

Website

https://www.aviva.com

Aviva is a multiline insurer that is listed on the London Stock Exchange. The company traces its roots back to the 17th century with the establishment of Hand-in-Hand. After the Great Fire of London, this mutual was formed to provide protection against fires. Hand-in-Hand was then acquired by Commercial Union in 1905. Over the years, Hand-in-Hand insured London landmarks such as London Bridge, the British Museum, and the Palace in Lambeth. The life insurance part of Aviva began in the early part of the 18th century with the establishment of Amicable, again a mutual society but this time to protect widows and children against the loss of life.

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