TotalEnergies Marketing Ghana (XGHA:TOTAL) Long-Term Capital Lease Obligation : GHS6 Mil (As of Mar. 2024)

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What is TotalEnergies Marketing Ghana Long-Term Capital Lease Obligation?

TotalEnergies Marketing Ghana's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was GHS6 Mil.

TotalEnergies Marketing Ghana's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (GHS5 Mil) to Sep. 2023 (GHS7 Mil) but then declined from Sep. 2023 (GHS7 Mil) to Mar. 2024 (GHS6 Mil).

TotalEnergies Marketing Ghana's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (GHS8 Mil) to Dec. 2021 (GHS15 Mil) but then declined from Dec. 2021 (GHS15 Mil) to Dec. 2022 (GHS10 Mil).

TotalEnergies Marketing Ghana Long-Term Capital Lease Obligation Historical Data

The historical data trend for TotalEnergies Marketing Ghana'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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TotalEnergies Marketing Ghana Long-Term Capital Lease Obligation Chart

TotalEnergies Marketing Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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7.52

8.02

15.38

9.63

TotalEnergies Marketing Ghana Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.63	5.89	5.06	7.36	6.08

TotalEnergies Marketing Ghana (XGHA:TOTAL) 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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TotalEnergies Marketing Ghana (XGHA:TOTAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Ghana Plc (XGHA:TOTAL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Liberia Road, P.O. Box 553, Total House, Accra, GHA

Website

https://www.totalenergies.com.gh

TotalEnergies Marketing Ghana Plc is engaged in the business of marketing petroleum and allied products. The reportable operating segments derive their revenue mainly from the sales of petroleum and allied products. Revenue from sales to service stations Network and sales to consumer customers Commercial accounts for Ninety percent of the Company and Group's revenue. It offers services across the Aviation, Bitumen and Mining industries, besides the Manufacturing and Roads Sectors.

TotalEnergies Marketing Ghana (XGHA:TOTAL) Headlines

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