Innospec (Innospec) Long-Term Capital Lease Obligation : $32 Mil (As of Dec. 2023)

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What is Innospec Long-Term Capital Lease Obligation?

Innospec's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $32 Mil.

Innospec's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($32 Mil) to Sep. 2023 ($29 Mil) but then increased from Sep. 2023 ($29 Mil) to Dec. 2023 ($32 Mil).

Innospec's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($23 Mil) to Dec. 2022 ($31 Mil) and increased from Dec. 2022 ($31 Mil) to Dec. 2023 ($32 Mil).

Innospec Long-Term Capital Lease Obligation Historical Data

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

Innospec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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22.40

29.00

23.10

31.40

31.60

Innospec 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															31.40	33.80	31.60	29.40	31.60

Innospec (NAS:IOSP) 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.

Innospec Long-Term Capital Lease Obligation Related Terms

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Innospec (Innospec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Innospec Inc (NAS:IOSP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

OCT:Germany

Address

8310 South Valley Highway, Suite 350, Englewood, CO, USA, 80112

Website

https://www.innospecinc.com

Innospec Inc manufactures and sells a variety of chemicals and fuel additives. The firm organizes itself into three segments based on product type. The fuel specialties segment, which generates the majority of revenue, sells products used to improve fuel efficiency, boost engine performance, and reduce emissions for automobiles, boats, and airplanes. It also sells products used by oil field services providers in the extraction of oil and gas. The performance chemicals segment sells products to the personal-care industry. The Oilfield Services segment develops and markets products to prevent loss of mud.

Executives

Larry Padfield	director	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
Claudia Poccia	director	8310 SOUTH VALLEY HIGHWAY, SUITE 350, ENGLEWOOD CO 80112
Leslie J Parrette	director
Barnes Corbin	officer: SVP, Corporate Dev and IR	8310 SOUTH VALLEY HIGHWAY, SUITE 350, ENGLEWOOD CO 80112
Philip John Boon	other: Marketing Director Pet Specs	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
Ian Cleminson	officer: Exec VP & CFO	OAK DALE, 84 ALBERT ROAD, GRAPPENHALL, WARRINGTON X0 WA4 2PG
Patrick Williams	officer: Exec VP & President, Pet Specs	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
Bentley Jones David	officer: VP, GC & CCO	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
David Landless	director	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
Milton C Blackmore	director	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
Brian Watt	other: VP, Strategic Planning	THE LODGE, HUSTHWAITE, YORK X0 YO61 4PD
Catherine Hessner	officer: Senior VP - Human Resources	33 STRAWBERRY LANE, WILMSLOW CHESHIRE X0 SK96AQ
Griffin Hardy Louis Iii	officer: SVP, HUMAN RESOURCES	8310 SOUTH VALLEY HIGHWAY, SUITE 350, ENGLEWOOD CO 80112
Elizabeth K Arnold	director	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
Graeme Blair	officer: Head of Group Finance	8310 SOUTH VALLEY HIGHWAY, SUITE 350, ENGLEWOOD CO 80112