OMV Petrom (LTS:0MA6) Long-Term Capital Lease Obligation : lei507 Mil (As of Mar. 2024)

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What is OMV Petrom Long-Term Capital Lease Obligation?

OMV Petrom's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was lei507 Mil.

OMV Petrom's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (lei487 Mil) to Dec. 2023 (lei530 Mil) but then declined from Dec. 2023 (lei530 Mil) to Mar. 2024 (lei507 Mil).

OMV Petrom's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (lei501 Mil) to Dec. 2022 (lei499 Mil) but then increased from Dec. 2022 (lei499 Mil) to Dec. 2023 (lei530 Mil).

OMV Petrom Long-Term Capital Lease Obligation Historical Data

The historical data trend for OMV Petrom'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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OMV Petrom Long-Term Capital Lease Obligation Chart

OMV Petrom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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572.15

543.06

501.41

498.86

529.80

OMV Petrom Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															480.99	461.57	486.79	529.80	507.24

OMV Petrom (LTS:0MA6) 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.

OMV Petrom Long-Term Capital Lease Obligation Related Terms

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OMV Petrom (LTS:0MA6) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV Petrom SA (LTS:0MA6) » Definitions » Long-Term Capital Lease Obligation

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SNP:Romania

Address

22 Coralilor Street, District 1, Bucharest, ROU, 013329

Website

https://www.omvpetrom.com

OMV Petrom SA is an integrated oil and gas company operating in Romania. The company has three segments. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas. The refining & Marketing segment produces & delivers gasoline, diesel & other petroleum products to its customers, while through filling stations networks offers also a variety of services & non-oil business (NOB) goods. The gas business unit, part of the Gas & Power segment, has the objective to focus on gas sales, & becoming a regional player. Business division Power, part of the Gas & Power segment, mainly extends the gas value chain into a gas-fired power plant. The majority is from Refining & marketing segment. Geographically, key revenue is from Romania.

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