First American Financial (FRA:Y1F) Long-Term Capital Lease Obligation : €217 Mil (As of Mar. 2024)

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What is First American Financial Long-Term Capital Lease Obligation?

First American Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €217 Mil.

First American Financial's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€239 Mil) to Dec. 2023 (€226 Mil) and declined from Dec. 2023 (€226 Mil) to Mar. 2024 (€217 Mil).

First American Financial's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€242 Mil) to Dec. 2022 (€254 Mil) but then declined from Dec. 2022 (€254 Mil) to Dec. 2023 (€226 Mil).

First American Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for First American Financial'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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First American Financial Long-Term Capital Lease Obligation Chart

First American Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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290.50

243.31

242.49

254.22

226.13

First American Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															247.14	242.93	238.75	226.13	216.57

First American Financial (FRA:Y1F) 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.

First American Financial Long-Term Capital Lease Obligation Related Terms

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First American Financial (FRA:Y1F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First American Financial Corp (FRA:Y1F) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FAF:USA

Address

1 First American Way, Santa Ana, CA, USA, 92707-5913

Website

https://www.firstam.com

First American Financial Corp is a financial services business providing insurance through two segments: title insurance and related services and specialty insurance. Title insurance and related services include real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services. The title insurance sector serves residential and commercial deals. Specialty insurance includes property insurance policies, casualty insurance policies, and home warranties. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.

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