Superior Plus (Superior Plus) Long-Term Capital Lease Obligation : $131 Mil (As of Dec. 2023)

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What is Superior Plus Long-Term Capital Lease Obligation?

Superior Plus's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $131 Mil.

Superior Plus's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($132 Mil) to Sep. 2023 ($134 Mil) but then declined from Sep. 2023 ($134 Mil) to Dec. 2023 ($131 Mil).

Superior Plus's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($101 Mil) to Dec. 2022 ($129 Mil) and increased from Dec. 2022 ($129 Mil) to Dec. 2023 ($131 Mil).

Superior Plus Long-Term Capital Lease Obligation Historical Data

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

Superior Plus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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138.20

166.68

101.25

129.33

131.11

Superior Plus 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															129.33	125.05	131.64	134.28	131.11

Superior Plus (OTCPK:SUUIF) 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.

Superior Plus Long-Term Capital Lease Obligation Related Terms

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Superior Plus (Superior Plus) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Superior Plus Corp (OTCPK:SUUIF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

8SP:Germany SPB:Canada

Address

200 Wellington Street West, Suite 401, Toronto, ON, CAN, M5V 3C7

Website

https://www.superiorplus.com

Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane, Canadian Propane & Wholesale Propane, out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California. The Canadian Propane segment includes the Canadian retail business with operations across Canada. The Wholesale Propane segment is the wholesale business with operations in Canada & the Western United States.