Mechel PAO (Mechel PAO) Long-Term Capital Lease Obligation : $156 Mil (As of Jun. 2023)

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What is Mechel PAO Long-Term Capital Lease Obligation?

Mechel PAO's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $156 Mil.

Mechel PAO's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($53 Mil) to Jun. 2022 ($0 Mil) but then increased from Jun. 2022 ($0 Mil) to Jun. 2023 ($156 Mil).

Mechel PAO's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($113 Mil) to Dec. 2020 ($53 Mil) and declined from Dec. 2020 ($53 Mil) to Dec. 2021 ($53 Mil).

Mechel PAO Long-Term Capital Lease Obligation Historical Data

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

Mechel PAO Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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32.62

34.71

112.99

53.11

52.56

Mechel PAO Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															56.83	52.55	52.56	-	156.37

Mechel PAO (NYSE:MTL) 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.

Mechel PAO Long-Term Capital Lease Obligation Related Terms

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Mechel PAO (Mechel PAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mechel PAO (NYSE:MTL) » Definitions » Long-Term Capital Lease Obligation

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MTLRP:Russia MTLR:Russia

Address

Krasnoarmeyskaya Street 1, Moscow, RUS, 125167

Website

http://www.mechel.ru

Mechel PAO is a vertically integrated group operating into three industrial segments Mining, Steel and Power. The mining segment produces metallurgical coal (coking coal, PCI and anthracite), steam coal, iron ore and iron ore concentrate, coke and chemical products. The segment consists of its coal, iron ore and coke production facilities in Russia. The steel segment produces and sells semi-finished steel products, long products of a wide range of steel grades, carbon and stainless flat steel products and high value-added metal products, including wire products, stampings and forgings, structural shapes, beams and rails. The power segment sells electricity and capacity to the wholesale market. The majority of the revenue is derived from the Steel segment.