Linea Directa Aseguradora (XMAD:LDA) Long-Term Capital Lease Obligation : €0.0 Mil (As of Dec. 2023)

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What is Linea Directa Aseguradora Long-Term Capital Lease Obligation?

Linea Directa Aseguradora's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil.

Linea Directa Aseguradora's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€3.8 Mil) to Jun. 2023 (€0.0 Mil) but then stayed the same from Jun. 2023 (€0.0 Mil) to Dec. 2023 (€0.0 Mil).

Linea Directa Aseguradora's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€4.5 Mil) to Dec. 2022 (€3.8 Mil) and declined from Dec. 2022 (€3.8 Mil) to Dec. 2023 (€0.0 Mil).

Linea Directa Aseguradora Long-Term Capital Lease Obligation Historical Data

The historical data trend for Linea Directa Aseguradora'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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Linea Directa Aseguradora Long-Term Capital Lease Obligation Chart

Linea Directa Aseguradora Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.77

4.53

3.77

Linea Directa Aseguradora Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			4.53	3.68	3.77	-	-

Linea Directa Aseguradora (XMAD:LDA) 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.

Linea Directa Aseguradora Long-Term Capital Lease Obligation Related Terms

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Linea Directa Aseguradora (XMAD:LDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Linea Directa Aseguradora SA (XMAD:LDA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LNDAF:USA LDAe:UK 8I2:Germany

Address

Calle de Isaac Newton 7, Tres Cantos, Madrid, ESP, 28760

Website

https://www.lineadirectaaseguradora.com

Linea Directa Aseguradora SA is engaged in insurance and reinsurance activities in the motor, home, and other non-life segments. The company has five operating segments; The motor segment includes private motor insurance and motorbike insurance, The home segment includes multi-risk home insurance products with theft damage, civil liability, fire damage, aesthetic damage, etc, The health segment includes health insurance products under the Vivaz brand, The other insurance segment includes various products with stand-alone policies that are not linked to motor, home or health insurance, such as travel insurance for holders of credit cards and wellness insurance, and The other activities segment mainly relates to auxiliary insurance businesses and commissions.

Linea Directa Aseguradora (XMAD:LDA) Headlines

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