Globe Life (BSP:G1LL34) Long-Term Capital Lease Obligation : R$0 Mil (As of Mar. 2024)

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What is Globe Life Long-Term Capital Lease Obligation?

Globe Life's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$0 Mil.

Globe Life Long-Term Capital Lease Obligation Historical Data

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

Globe Life Annual Data

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Long-Term Capital Lease Obligation

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Globe Life Quarterly Data
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Globe Life (BSP:G1LL34) 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.

Globe Life Long-Term Capital Lease Obligation Related Terms

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Globe Life (BSP:G1LL34) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (BSP:G1LL34) » Definitions » Long-Term Capital Lease Obligation

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GL:USA

Address

3700 South Stonebridge Drive, McKinney, TX, USA, 75070

Website

https://www.globelifeinsurance.com

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.

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