Neste OYJ (OHEL:NESTE) Long-Term Capital Lease Obligation : €816 Mil (As of Mar. 2024)

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What is Neste OYJ Long-Term Capital Lease Obligation?

Neste OYJ's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €816 Mil.

Neste OYJ's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€744 Mil) to Dec. 2023 (€768 Mil) and increased from Dec. 2023 (€768 Mil) to Mar. 2024 (€816 Mil).

Neste OYJ's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€333 Mil) to Dec. 2022 (€425 Mil) and increased from Dec. 2022 (€425 Mil) to Dec. 2023 (€768 Mil).

Neste OYJ Long-Term Capital Lease Obligation Historical Data

The historical data trend for Neste OYJ'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.

Neste OYJ Long-Term Capital Lease Obligation Chart

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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317.00

289.00

333.00

425.00

768.00

Neste OYJ Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	704.00	744.00	768.00	816.00

Neste OYJ (OHEL:NESTE) 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.

Neste OYJ Long-Term Capital Lease Obligation Related Terms

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Neste OYJ (OHEL:NESTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OHEL:NESTE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NTOIY:USA NTOIF:USA NESTE:Mexico 1NESTE:Italy NESTEh:UK 0O46:UK NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.

Neste OYJ (OHEL:NESTE) Headlines

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