National Gas CoOG (MUS:NGCI) Long-Term Capital Lease Obligation

: ر.ع1.82 Mil (As of Sep. 2023)

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National Gas CoOG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ر.ع1.82 Mil.

National Gas CoOG's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (ر.ع2.02 Mil) to Jun. 2023 (ر.ع1.84 Mil) and declined from Jun. 2023 (ر.ع1.84 Mil) to Sep. 2023 (ر.ع1.82 Mil).

National Gas CoOG's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (ر.ع3.15 Mil) to Dec. 2020 (ر.ع2.05 Mil) and declined from Dec. 2020 (ر.ع2.05 Mil) to Dec. 2021 (ر.ع1.98 Mil).

National Gas CoOG Long-Term Capital Lease Obligation Historical Data

The historical data trend for National Gas CoOG'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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National Gas CoOG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

3.15

2.05

1.98

National Gas CoOG Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation																2.21	1.75	2.02	1.84	1.82

National Gas CoOG (MUS:NGCI) 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.

National Gas CoOG Long-Term Capital Lease Obligation Related Terms

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National Gas CoOG (MUS:NGCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Gas Co SAOG (MUS:NGCI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khuwair Office, Al Khuwair, ONEIC Building, Muscat, OMN

Website

https://www.nationalgasco.net

National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution cost.

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