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CPFL Energia (CPFL Energia) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)


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What is CPFL Energia Long-Term Capital Lease Obligation?

CPFL Energia's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.


CPFL Energia Long-Term Capital Lease Obligation Historical Data

The historical data trend for CPFL Energia'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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CPFL Energia Long-Term Capital Lease Obligation Chart

CPFL Energia Annual Data
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Long-Term Capital Lease Obligation
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CPFL Energia Quarterly Data
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CPFL Energia  (NYSE:CPL) 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.

CPFL Energia Long-Term Capital Lease Obligation Related Terms

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CPFL Energia (CPFL Energia) Business Description

Industry
Traded in Other Exchanges
Address
Rua Jorge Figueiredo Corrêa, No 1.632, Jardim Professora Tarcília, Campinas, Sao Paulo, SP, BRA, 13087-397
CPFL Energia SA is the holding company of the CPFL Group, operating in Brazil's electricity sector, implementing and operating projects and concessions in the energy distribution, generation, transmission, and trading segments and related activities through its subsidiaries and affiliate companies. The Group's operating segments are electric energy distribution, electric energy generation, electric energy commercialization, and services rendered activities. It derives a majority of its revenue from the distribution segment.