Alabama Power Co (Alabama Power Co) Long-Term Capital Lease Obligation : $66.00 Mil (As of Jun. 2022)

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What is Alabama Power Co Long-Term Capital Lease Obligation?

Alabama Power Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was $66.00 Mil.

Alabama Power Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($66.00 Mil) to Mar. 2022 ($64.00 Mil) but then increased from Mar. 2022 ($64.00 Mil) to Jun. 2022 ($66.00 Mil).

Alabama Power Co's annual Long-Term Capital Lease Obligation increased from Dec. 2019 ($107.00 Mil) to Dec. 2020 ($119.00 Mil) but then declined from Dec. 2020 ($119.00 Mil) to Dec. 2021 ($66.00 Mil).

Alabama Power Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alabama Power Co'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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Alabama Power Co Long-Term Capital Lease Obligation Chart

Alabama Power Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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4.00

107.00

119.00

66.00

Alabama Power Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															100.00	69.00	66.00	64.00	66.00

Alabama Power Co (OTCPK:ALBMP.PFD) 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.

Alabama Power Co Long-Term Capital Lease Obligation Related Terms

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Alabama Power Co (Alabama Power Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Alabama Power Co (OTCPK:ALBMP.PFD) » Definitions » Long-Term Capital Lease Obligation

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Address

600 North 18th Street, Birmingham, AL, USA, 35291

Website

http://www.alabamapower.com

Alabama Power Co operates in the utility sector. The company supplies electricity and stellar service to homes, businesses and industries in the southern two-thirds of Alabama.

Alabama Power Co (Alabama Power Co) Headlines

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