Westlake's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was $514 Mil.
Westlake's quarterly Long-Term Capital Lease Obligation
increased
from Sep. 2021 ($392 Mil) to Dec. 2021 ($461 Mil) and
increased
from Dec. 2021 ($461 Mil) to Mar. 2022 ($514 Mil).
Westlake's annual Long-Term Capital Lease Obligation
increased
from Dec. 2019 ($355 Mil) to Dec. 2020 ($376 Mil) and
increased
from Dec. 2020 ($376 Mil) to Dec. 2021 ($461 Mil).
Westlake Long-Term Capital Lease Obligation Historical Data
The historical data trend for Westlake'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.
* Premium members only.
Westlake Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Long-Term Capital Lease Obligation
-
-
355.00
376.00
461.00
Westlake Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Long-Term Capital Lease Obligation
383.00
369.00
392.00
461.00
514.00
Westlake (NYSE:WLK) 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.
Westlake Long-Term Capital Lease Obligation Related Terms
Thank you for viewing the detailed overview of Westlake's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Westlake Corp is a manufacturer and global supplier of chemicals, polymers and building products. Its Performance & Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing & Infrastructure Products segment produces key finished goods for building products, pipe & fittings, and global compounds businesses.
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