TC Energy (TSX:TRP) Long-Term Capital Lease Obligation : C$401 Mil (As of Dec. 2023)

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What is TC Energy Long-Term Capital Lease Obligation?

TC Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$401 Mil.

TC Energy's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (C$0 Mil) to Sep. 2023 (C$0 Mil) but then increased from Sep. 2023 (C$0 Mil) to Dec. 2023 (C$401 Mil).

TC Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$380 Mil) to Dec. 2022 (C$379 Mil) but then increased from Dec. 2022 (C$379 Mil) to Dec. 2023 (C$401 Mil).

TC Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for TC 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.

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TC Energy Long-Term Capital Lease Obligation Chart

TC Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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476.00

427.00

380.00

379.00

401.00

TC 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	Get a 7-Day Free Trial															379.00	-	-	-	401.00

TC Energy (TSX:TRP) 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.

TC Energy Long-Term Capital Lease Obligation Related Terms

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TC Energy (TSX:TRP) Business Description

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Address

450 - 1st Street SW, Calgary, AB, CAN, T2P 5H1

Website

https://www.tcenergy.com

TC Energy operates natural gas, oil, and power generation assets in Canada and the United States. The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,300 megawatts of electric power.

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