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MPLX LP Long-Term Capital Lease Obligation

: $540 Mil (As of Sep. 2019)
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MPLX LP's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $540 Mil.

MPLX LP's quarterly Long-Term Capital Lease Obligation declined from Mar. 2019 ($447 Mil) to Jun. 2019 ($440 Mil) but then increased from Jun. 2019 ($440 Mil) to Sep. 2019 ($540 Mil).

MPLX LP Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

MPLX LP Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

MPLX LP Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 447.00 440.00 540.00

MPLX LP  (NYSE:MPLX) 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.

MPLX LP Long-Term Capital Lease Obligation Related Terms

MPLX LP Long-Term Capital Lease Obligation Headlines

From GuruFocus

MPLX LP to Announce 2019 Fourth-Quarter and Full-Year Financial Results Jan. 29
MPLX LP to Announce 2019 Fourth-Quarter and Full-Year Financial Results Jan. 29

By PRNewswire about MPLX 2019-12-10 15:00:28

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