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Allstate (Allstate) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)


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What is Allstate Long-Term Capital Lease Obligation?

Allstate's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.


Allstate Long-Term Capital Lease Obligation Historical Data

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

Allstate Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Allstate 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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Allstate  (NYSE:ALL) 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.

Allstate Long-Term Capital Lease Obligation Related Terms

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Allstate (Allstate) Business Description

Industry
Address
3100 Sanders Road, Northbrook, IL, USA, 60062
Allstate is one of the largest U.S. property and casualty insurers in the U.S. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Allstate products are sold in North America primarily by about 10,000 company agencies.
Executives
John C Pintozzi officer: SVP, Controller, and CAO 2775 SANDERS ROAD, NORTHBROOK IL 60062
Mark Q Prindiville other: EVP & Chief Risk Officer - AIC 2775 SANDERS ROAD, NORTHBROOK IL 60062
Zulfikar Jeevanjee other: EVP & CTO - AIC 3100 SANDERS ROAD, NORTHBROOK IL 60062
Judith A Sprieser director USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Jesse E Merten officer: EVP & Chief Risk Officer (AIC) 2775 SANDERS ROAD, NORTHBROOK IL 60062
Monica J Turner director 3100 SANDERS ROAD, NORTHBROOK IL 60062
Christine M. Debiase officer: EVP, CLO, GC & Secretary 11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
Suren Gupta other: EVP Allstate Insurance Company 2775 SANDERS ROAD, NORTHBROOK IL 60062
Thomas J Wilson officer: President and COO 2775 SANDERS RD, NORTHBROOK IL 60062
Terrance Williams officer: AIC-President Protec Prod&Svcs 7184 BIDDICK, NEW ALBANY OH 43054
Robert Toohey officer: EVP, Chief HR Officer - AIC 2775 SANDERS ROAD, NORTHBROOK IL 60062
Glenn T Shapiro other: Pres Allstate Personal Lines 2775 SANDERS ROAD, NORTHBROOK IL 60062
Mario Rizzo officer: EVP & Chief Financial Officer 2775 SANDERS ROAD, NORTHBROOK IL 60062
Don Civgin officer: Vice President and CFO ONE GBC PLAZA, NORTHBROOK IL 60062
Donald Eugene Brown director 801 E. 86TH AVENUE, MERRILLVILLE IN 46410

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