Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Long-Term Capital Lease Obligation : $414 Mil (As of Dec. 2023)

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What is Petronas Chemicals Group Bhd Long-Term Capital Lease Obligation?

Petronas Chemicals Group Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $414 Mil.

Petronas Chemicals Group Bhd's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($400 Mil) to Sep. 2023 ($415 Mil) but then declined from Sep. 2023 ($415 Mil) to Dec. 2023 ($414 Mil).

Petronas Chemicals Group Bhd's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($330 Mil) to Dec. 2022 ($383 Mil) and increased from Dec. 2022 ($383 Mil) to Dec. 2023 ($414 Mil).

Petronas Chemicals Group Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Petronas Chemicals Group Bhd'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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Petronas Chemicals Group Bhd Long-Term Capital Lease Obligation Chart

Petronas Chemicals Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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151.22

223.94

329.83

382.81

414.34

Petronas Chemicals Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															382.81	400.54	399.99	414.73	414.34

Petronas Chemicals Group Bhd (OTCPK:PECGF) 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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Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petronas Chemicals Group Bhd (OTCPK:PECGF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

5183:Malaysia

Address

Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088

Website

http://www.petronaschemicals.com

Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into three segments based on product type: Olefins and Derivatives; Fertilizers and Methanol and Specialties. The Olefins and Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers and Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia.

Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Headlines

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Q4 2023 PETRONAS Chemicals Group Bhd Earnings Presentation Transcript

By GuruFocus Research • 02-28-2024