Eni SpA (Eni SpA) Long-Term Capital Lease Obligation : $4,605 Mil (As of Mar. 2024)

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What is Eni SpA Long-Term Capital Lease Obligation?

Eni SpA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,605 Mil.

Eni SpA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($4,284 Mil) to Dec. 2023 ($4,589 Mil) and increased from Dec. 2023 ($4,589 Mil) to Mar. 2024 ($4,605 Mil).

Eni SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($4,959 Mil) to Dec. 2022 ($4,308 Mil) but then increased from Dec. 2022 ($4,308 Mil) to Dec. 2023 ($4,589 Mil).

Eni SpA Long-Term Capital Lease Obligation Historical Data

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

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5,287.78

5,071.78

4,959.32

4,308.26

4,588.88

Eni SpA 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															4,243.04	4,196.10	4,283.89	4,588.88	4,605.44

Eni SpA (NYSE:E) 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.

Eni SpA Long-Term Capital Lease Obligation Related Terms

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Eni SpA (Eni SpA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (NYSE:E) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EIPAF:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany ENI:Germany ENI:Germany ENI1:Germany ENI:Germany ENI:Austria E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.