Petro Rio (Petro Rio) Long-Term Capital Lease Obligation : $395 Mil (As of Dec. 2023)

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What is Petro Rio Long-Term Capital Lease Obligation?

Petro Rio's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $395 Mil.

Petro Rio's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($336 Mil) to Sep. 2023 ($384 Mil) and increased from Sep. 2023 ($384 Mil) to Dec. 2023 ($395 Mil).

Petro Rio's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($86 Mil) to Dec. 2022 ($274 Mil) and increased from Dec. 2022 ($274 Mil) to Dec. 2023 ($395 Mil).

Petro Rio Long-Term Capital Lease Obligation Historical Data

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

Petro Rio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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94.88

72.59

86.20

273.92

395.27

Petro Rio 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															273.92	279.74	335.56	383.51	395.27

Petro Rio (OTCPK:HRTPY) 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.

Petro Rio Long-Term Capital Lease Obligation Related Terms

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Petro Rio (Petro Rio) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Rio SA (OTCPK:HRTPY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PTRRY:USA PRIO3:Brazil

Address

Praia de Botafogo, 370, 13th Floor, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://www.prio3.com.br

PRIO SA is engaged in the exploration and production of oil and gas in Brazil and abroad. The company is engaged in oil and gas exploration and production in Brazil and overseas. Its exploration assets comprise Hammer shark field, Octopus field, Campo de Frade, East Albacora field, and Wahoo block.

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