ArcelorMittal (ArcelorMittal) Long-Term Capital Lease Obligation : $939 Mil (As of Dec. 2023)

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What is ArcelorMittal Long-Term Capital Lease Obligation?

ArcelorMittal's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $939 Mil.

ArcelorMittal's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($948 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($939 Mil).

ArcelorMittal's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($691 Mil) to Dec. 2022 ($828 Mil) and increased from Dec. 2022 ($828 Mil) to Dec. 2023 ($939 Mil).

ArcelorMittal Long-Term Capital Lease Obligation Historical Data

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

ArcelorMittal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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866.00

632.00

691.00

828.00

939.00

ArcelorMittal 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															828.00	-	948.00	-	939.00

ArcelorMittal (OTCPK:AMSYF) 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.

ArcelorMittal Long-Term Capital Lease Obligation Related Terms

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ArcelorMittal (ArcelorMittal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal SA (OTCPK:AMSYF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MT:USA MT:Netherlands MT:Mexico MTa:UK 0RP9:UK MTS:Spain ARRD:Germany ARMT34:Brazil MT:Austria

Address

24-26, Boulevard d’Avranches, Luxembourg, LUX, L-1160

Website

http://www.arcelormittal.com

ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from Brazil.