Glencore (Glencore) Long-Term Capital Lease Obligation : $961 Mil (As of Dec. 2023)

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What is Glencore Long-Term Capital Lease Obligation?

Glencore's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $961 Mil.

Glencore's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($934 Mil) to Jun. 2023 ($901 Mil) but then increased from Jun. 2023 ($901 Mil) to Dec. 2023 ($961 Mil).

Glencore's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,093 Mil) to Dec. 2022 ($934 Mil) but then increased from Dec. 2022 ($934 Mil) to Dec. 2023 ($961 Mil).

Glencore Long-Term Capital Lease Obligation Historical Data

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

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,158.00

1,008.00

1,093.00

934.00

961.00

Glencore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,093.00	981.00	934.00	901.00	961.00

Glencore (OTCPK:GLNCY) 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.

Glencore Long-Term Capital Lease Obligation Related Terms

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Glencore (Glencore) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (OTCPK:GLNCY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GLN:South Africa GLCNF:USA GLENl:UK GLEN:UK 8GC:Germany

Address

Baarermattstrasse 3, P.O. Box 1363, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's Marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It has also agreed to buy Teck's metallurgical coal business, with the deal likely closing in the third quarter of 2024.