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USD Partners LP (USD Partners LP) Long-Term Capital Lease Obligation : $0.71 Mil (As of Sep. 2023)


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What is USD Partners LP Long-Term Capital Lease Obligation?

USD Partners LP's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.71 Mil.

USD Partners LP's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.69 Mil) to Jun. 2023 ($0.70 Mil) and increased from Jun. 2023 ($0.70 Mil) to Sep. 2023 ($0.71 Mil).

USD Partners LP's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($4.39 Mil) to Dec. 2021 ($0.79 Mil) and declined from Dec. 2021 ($0.79 Mil) to Dec. 2022 ($0.69 Mil).


USD Partners LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for USD Partners LP'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.

USD Partners LP Long-Term Capital Lease Obligation Chart

USD Partners LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 7.39 4.39 0.79 0.69

USD Partners LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.69 0.69 0.70 0.71

USD Partners LP  (OTCPK:USDP) 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.

USD Partners LP Long-Term Capital Lease Obligation Related Terms

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USD Partners LP (USD Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
811 Main Street, Suite 2800, Houston, TX, USA, 77002
USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in onsite tanks, inbound and outbound pipeline connectivity, truck transloading, and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.
Executives
Jeffrey P. Wood director, other: SEE REMARKS EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Keith Benson officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Francesco Ciabatti director, other: See Remarks. 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Dan Borgen director, officer: SEE REMARKS 9500 NEW CENTURY, PASADENA TX 77507
Michael Ray Curry director, other: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii, Lp 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Michael Jay Stanford officer: Vice President, CAO 811 MAIN ST., SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Gp Iii, Lp director, 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
G Stacy Smith director, other: SEE REMARKS 300 CRESCENT COURT SUITE 1111, DALLAS TX 75201
Ecp Controlco, Llc director, 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
Joshua Dean Ruple officer: SEE REMARKS 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Schuyler Coppedge director, other: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Paul Leray Tucker officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Adam K Altsuler officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii-b (usd Ip), Lp director, 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078

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