Hallmark Financial Services (Hallmark Financial Services) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2023)

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What is Hallmark Financial Services Long-Term Capital Lease Obligation?

Hallmark Financial Services's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil.

Hallmark Financial Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hallmark Financial Services'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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Hallmark Financial Services Long-Term Capital Lease Obligation Chart

Hallmark Financial Services Annual Data

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Long-Term Capital Lease Obligation

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Hallmark Financial Services Quarterly Data
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Hallmark Financial Services (OTCPK:HALL) 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.

Hallmark Financial Services Long-Term Capital Lease Obligation Related Terms

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Hallmark Financial Services (Hallmark Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hallmark Financial Services Inc (OTCPK:HALL) » Definitions » Long-Term Capital Lease Obligation

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Address

5420 Lyndon B. Johnson Freeway, Suite 1100, Two Lincoln Centre, Dallas, TX, USA, 75240

Website

https://www.hallmarkgrp.com

Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting, and servicing insurance products, as well as providing other insurance-related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which includes Commercial Auto business unit, E&S Casualty business unit, E&S Property business unit, Professional Liability business unit, and Aerospace & Programs business unit.

Executives

Doug Slape	director	5420 LYNDON B JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Christopher James Kenney	officer: Chief Accounting Officer	5420 LYNDON B JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240-2345
Naveen Anand	officer: President & CEO	777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Scott T Berlin	director	14651 DALLAS PARKWAY STE 900, DALLAS TX 75254
James H Graves	director	ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Jeffrey R Passmore	officer: CHIEF ACCOUNTING OFFICER	777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Mark E Pape	director	12050 MEADOW LAKE DRIVE, ARGYLE TX 76226
Kevin Kasitz	officer: PRESIDENT OF SUBSIDIARY
Mark E Schwarz	director, 10 percent owner, officer: C.E.O. & CHAIRMAN	5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Mark J Morrison	officer: CHIEF FINANCIAL OFFICER	777 W MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Ncm Services, Inc.	10 percent owner	5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Schwarz 2012 Family Trust	10 percent owner	5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Detroit Stoker Co	other: See Explanation	1510 E. FIRST ST., MONROE MI 48161
Jim W Henderson	director
Newcastle Special Opportunity Fund I, L.p.	other: see attached explanation	200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201