Cenovus Energy (Cenovus Energy) Long-Term Capital Lease Obligation

: $1,758 Mil (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

Cenovus Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,758 Mil.

Cenovus Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1,882 Mil) to Sep. 2023 ($1,787 Mil) and declined from Sep. 2023 ($1,787 Mil) to Dec. 2023 ($1,758 Mil).

Cenovus Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2,098 Mil) to Dec. 2022 ($1,861 Mil) and declined from Dec. 2022 ($1,861 Mil) to Dec. 2023 ($1,758 Mil).

Cenovus Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cenovus Energy'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.

* Premium members only.

Cenovus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,306.10

1,228.04

2,097.66

1,860.88

1,758.35

Cenovus Energy 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																1,860.88	1,838.78	1,881.68	1,787.01	1,758.35

Cenovus Energy (NYSE:CVE) 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.

Cenovus Energy Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Cenovus Energy's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Cenovus Energy (Cenovus Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cenovus Energy Inc (NYSE:CVE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CXD:Germany CXD:Germany CVE.PR.B.PFD:Canada CVE.PR.A.PFD:Canada CVE.PR.C.PFD:Canada CVE.PR.G.PFD:Canada CVE.PR.E.PFD:Canada CVE:Canada

Address

225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2

Website

https://www.cenovus.com

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.