Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Long-Term Capital Lease Obligation : €190 Mil (As of Mar. 2024)

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What is Motor Oil (Hellas) Corinth Refineries Long-Term Capital Lease Obligation?

Motor Oil (Hellas) Corinth Refineries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €190 Mil.

Motor Oil (Hellas) Corinth Refineries's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€179 Mil) to Dec. 2023 (€193 Mil) but then declined from Dec. 2023 (€193 Mil) to Mar. 2024 (€190 Mil).

Motor Oil (Hellas) Corinth Refineries's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€175 Mil) to Dec. 2022 (€173 Mil) but then increased from Dec. 2022 (€173 Mil) to Dec. 2023 (€193 Mil).

Motor Oil (Hellas) Corinth Refineries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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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Motor Oil (Hellas) Corinth Refineries Long-Term Capital Lease Obligation Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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129.97

147.73

175.34

172.75

193.38

Motor Oil (Hellas) Corinth Refineries 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															172.47	176.79	179.00	193.38	189.88

Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) 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.

Motor Oil (Hellas) Corinth Refineries Long-Term Capital Lease Obligation Related Terms

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Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (LTS:0MQT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

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