Albemarle (Albemarle) Long-Term Capital Lease Obligation

: $114 Mil (As of Dec. 2023)

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Albemarle's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $114 Mil.

Albemarle's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 ($0 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($114 Mil).

Albemarle's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($127 Mil) to Dec. 2022 ($99 Mil) but then increased from Dec. 2022 ($99 Mil) to Dec. 2023 ($114 Mil).

Albemarle Long-Term Capital Lease Obligation Historical Data

The historical data trend for Albemarle'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.

* Premium members only.

Albemarle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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114.69

116.77

127.00

99.27

113.68

Albemarle 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															99.27	-	-	-	113.68

Albemarle (NYSE:ALB) 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.

Albemarle Long-Term Capital Lease Obligation Related Terms

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Albemarle (Albemarle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Albemarle Corp (NYSE:ALB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ALB:Mexico AMC:Germany AMC:Germany AMC:Germany AMC:Germany A1LB34:Brazil ALBE:Austria

Address

4250 Congress Street, Suite 900, Charlotte, NC, USA, 28209

Website

https://www.albemarle.com

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

Executives

Kristin M Coleman	officer: EVP, General Counsel	140 HAZEL AVE., GLENCOE IL 60022
Neal Ravi Sheorey	officer: Chief Financial Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Michael James Simmons	officer: President - Ketjen	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Eric Norris	officer: President, Lithium	1519 AUDUBON ROAD, CHARLOTTE NC 28211
J Kent Masters	director	ALBEMARLE CORP., 451 FLORIDA ST, BATON ROUGE LA 70801
Sean B. O'hollaren	officer: Chief External Affairs Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Jacobus G. Fourie	officer: Chief Capital Projects Officer	4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209
Scott Tozier	officer: EVP & CFO	ALBEMARLE CORP, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209
Karen G Narwold	officer: EVP, Chief Admin Officer	ALBEMARLE CORPORATION, 4250 CONGRESS ST, SUITE 900, CHARLOTTE NC 28209
Raphael Goszcz Crawford	officer: President, Catalysts	4311 GREENBRIAR HILLS PLANTATION RD, CHARLOTTE NC 28277
Ralf Hans Cramer	director	MIERENDORSFSTRASSE 26, BENSHEIM 2M 64625
Netha N. Johnson	officer: President, Bromine Specialties	3489 CRESTMOOR DRIVE, WOODBURY MN 55125
Barichivich John Clarence Iii	officer: VP, Controller & CAO	4250 CONGRESS ST., SUITE 900, CHARLOTTE NC 28209
Kissam Luther C Iv	director, officer: Chairman, President & CEO	3801 BERESFORD ROAD, CHARLOTTE NC 28211
Melissa H. Anderson	officer: SVP, Chief HR Officer	ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209