Drax Group (Drax Group) Long-Term Capital Lease Obligation : $140 Mil (As of Dec. 2023)

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What is Drax Group Long-Term Capital Lease Obligation?

Drax Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $140 Mil.

Drax Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($159 Mil) to Jun. 2023 ($151 Mil) and declined from Jun. 2023 ($151 Mil) to Dec. 2023 ($140 Mil).

Drax Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($147 Mil) to Dec. 2022 ($159 Mil) but then declined from Dec. 2022 ($159 Mil) to Dec. 2023 ($140 Mil).

Drax Group Long-Term Capital Lease Obligation Historical Data

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

Drax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.34

31.18

147.34

158.83

140.13

Drax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															147.34	143.10	158.83	151.26	140.13

Drax Group (OTCPK:DRXGY) 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.

Drax Group Long-Term Capital Lease Obligation Related Terms

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Drax Group (Drax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (OTCPK:DRXGY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

DRXGF:USA DRXl:UK DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.