BP Prudhoe Bay Royalty Trust (BP Prudhoe Bay Royalty Trust) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is BP Prudhoe Bay Royalty Trust Long-Term Capital Lease Obligation?

BP Prudhoe Bay Royalty Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

BP Prudhoe Bay Royalty Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for BP Prudhoe Bay Royalty Trust'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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BP Prudhoe Bay Royalty Trust Long-Term Capital Lease Obligation Chart

BP Prudhoe Bay Royalty Trust Annual Data

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Long-Term Capital Lease Obligation

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BP Prudhoe Bay Royalty Trust Quarterly Data
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BP Prudhoe Bay Royalty Trust (NYSE:BPT) 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.

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BP Prudhoe Bay Royalty Trust (BP Prudhoe Bay Royalty Trust) Business Description

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Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.bnymellon.com

BP Prudhoe Bay Royalty Trust is a grantor trust operating in the US. The property of the Trust consists of an overriding royalty interest. The Royalty Interest entitles the Trust to receive the royalty from the production of crude oil and condensate from the working interest of BP Exploration (Alaska) Inc. in the Prudhoe Bay oil field located on the North Slope of Alaska.