Plains GP Holdings LP (FRA:PG81) Long-Term Capital Lease Obligation : €240 Mil (As of Mar. 2024)

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What is Plains GP Holdings LP Long-Term Capital Lease Obligation?

Plains GP Holdings LP's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €240 Mil.

Plains GP Holdings LP's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€262 Mil) to Dec. 2023 (€251 Mil) and declined from Dec. 2023 (€251 Mil) to Mar. 2024 (€240 Mil).

Plains GP Holdings LP's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€300 Mil) to Dec. 2022 (€291 Mil) and declined from Dec. 2022 (€291 Mil) to Dec. 2023 (€251 Mil).

Plains GP Holdings LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for Plains GP Holdings LP'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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Plains GP Holdings LP Long-Term Capital Lease Obligation Chart

Plains GP Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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348.30

260.57

300.02

290.75

251.26

Plains GP Holdings LP 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															286.74	275.98	262.36	251.26	240.12

Plains GP Holdings LP (FRA:PG81) 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.

Plains GP Holdings LP Long-Term Capital Lease Obligation Related Terms

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Plains GP Holdings LP (FRA:PG81) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains GP Holdings LP (FRA:PG81) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PAGP:USA

Address

333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website

https://www.plains.com

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

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