Avance Gas Holding (Avance Gas Holding) Long-Term Capital Lease Obligation : $34.4 Mil (As of Dec. 2023)

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What is Avance Gas Holding Long-Term Capital Lease Obligation?

Avance Gas Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $34.4 Mil.

Avance Gas Holding's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($65.5 Mil) to Sep. 2023 ($63.8 Mil) and declined from Sep. 2023 ($63.8 Mil) to Dec. 2023 ($34.4 Mil).

Avance Gas Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($75.7 Mil) to Dec. 2022 ($68.9 Mil) and declined from Dec. 2022 ($68.9 Mil) to Dec. 2023 ($34.4 Mil).

Avance Gas Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Avance Gas Holding'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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Avance Gas Holding Long-Term Capital Lease Obligation Chart

Avance Gas Holding Annual Data

Trend

Nov13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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42.12

75.66

68.89

34.40

Avance Gas Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															68.89	66.14	65.53	63.83	34.40

Avance Gas Holding (OTCPK:AVACF) 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.

Avance Gas Holding Long-Term Capital Lease Obligation Related Terms

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Avance Gas Holding (Avance Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (OTCPK:AVACF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AVANCEo:Sweden AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

Avance Gas Holding (Avance Gas Holding) Headlines

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