Pembina Pipeline (Pembina Pipeline) Long-Term Capital Lease Obligation : $423 Mil (As of Dec. 2023)

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What is Pembina Pipeline Long-Term Capital Lease Obligation?

Pembina Pipeline's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $423 Mil.

Pembina Pipeline's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($433 Mil) to Sep. 2023 ($415 Mil) but then increased from Sep. 2023 ($415 Mil) to Dec. 2023 ($423 Mil).

Pembina Pipeline's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($496 Mil) to Dec. 2022 ($439 Mil) and declined from Dec. 2022 ($439 Mil) to Dec. 2023 ($423 Mil).

Pembina Pipeline Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pembina Pipeline'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.

Pembina Pipeline Long-Term Capital Lease Obligation Chart

Pembina Pipeline Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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536.87

526.97

496.09

438.72

422.63

Pembina Pipeline Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															438.72	429.73	432.79	415.34	422.63

Pembina Pipeline (NYSE:PBA) 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.

Pembina Pipeline Long-Term Capital Lease Obligation Related Terms

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Pembina Pipeline (Pembina Pipeline) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pembina Pipeline Corp (NYSE:PBA) » Definitions » Long-Term Capital Lease Obligation

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Address

585 - 8th Avenue S.W., Suite 4000, Calgary, AB, CAN, T2P 1G1

Website

https://www.pembina.com

Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.