Westlake (STU:UEO) Long-Term Capital Lease Obligation

: €560 Mil (As of Dec. 2023)

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Westlake's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €560 Mil.

Westlake's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€495 Mil) to Sep. 2023 (€508 Mil) and increased from Sep. 2023 (€508 Mil) to Dec. 2023 (€560 Mil).

Westlake's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€408 Mil) to Dec. 2022 (€476 Mil) and increased from Dec. 2022 (€476 Mil) to Dec. 2023 (€560 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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319.50

309.07

407.99

475.78

560.29

Westlake 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															475.78	495.95	494.73	507.85	560.29

Westlake (STU:UEO) 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

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Westlake (STU:UEO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Corp (STU:UEO) » Definitions » Long-Term Capital Lease Obligation

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WLK:USA

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.westlake.com

Westlake Corp is a manufacturer and global supplier of chemicals, polymers and building products. Its Performance and 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 and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.

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