World Kinect (FRA:WFK) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is World Kinect Long-Term Capital Lease Obligation?

World Kinect's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

World Kinect Long-Term Capital Lease Obligation Historical Data

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

World Kinect Annual Data

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Long-Term Capital Lease Obligation

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World Kinect Quarterly Data
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World Kinect (FRA:WFK) 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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World Kinect (FRA:WFK) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » World Kinect Corp (FRA:WFK) » Definitions » Long-Term Capital Lease Obligation

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WKC:USA

Address

9800 Northwest 41st Street, Miami, FL, USA, 33178

Website

https://www.world-kinect.com

World Kinect Corp is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. It sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions.

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