Gibson Energy (TSX:GEI) Long-Term Capital Lease Obligation : C$32 Mil (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Gibson Energy Long-Term Capital Lease Obligation?

Gibson Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$32 Mil.

Gibson Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$37 Mil) to Dec. 2023 (C$34 Mil) and declined from Dec. 2023 (C$34 Mil) to Mar. 2024 (C$32 Mil).

Gibson Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$52 Mil) to Dec. 2022 (C$35 Mil) and declined from Dec. 2022 (C$35 Mil) to Dec. 2023 (C$34 Mil).

Gibson Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gibson Energy'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.

Gibson Energy Long-Term Capital Lease Obligation Chart

Gibson Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

95.50

71.53

52.03

34.50

33.99

Gibson Energy 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															39.66	35.35	36.87	33.99	32.33

Gibson Energy (TSX:GEI) 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.

Gibson Energy Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Gibson Energy's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Gibson Energy (TSX:GEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gibson Energy Inc (TSX:GEI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GBNXF:USA 8GB:Germany

Address

440 - 2nd Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 5E9

Website

https://www.gibsonenergy.com

Gibson Energy Inc. is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc. services Canada and the United States, and the majority of revenue comes from the marketing segment.

Executives

Sean Brown

Senior Officer

Gibson Energy (TSX:GEI) Headlines

No Headlines