Vertex Energy (Vertex Energy) Long-Term Capital Lease Obligation : $141 Mil (As of Dec. 2023)

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What is Vertex Energy Long-Term Capital Lease Obligation?

Vertex Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $141 Mil.

Vertex Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($134 Mil) to Sep. 2023 ($131 Mil) but then increased from Sep. 2023 ($131 Mil) to Dec. 2023 ($141 Mil).

Vertex Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($27 Mil) to Dec. 2022 ($95 Mil) and increased from Dec. 2022 ($95 Mil) to Dec. 2023 ($141 Mil).

Vertex Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vertex 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.

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Vertex Energy Long-Term Capital Lease Obligation Chart

Vertex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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30.31

4.57

27.38

95.01

140.65

Vertex Energy 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															95.01	114.82	134.20	131.12	140.65

Vertex Energy (NAS:VTNR) 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.

Vertex Energy Long-Term Capital Lease Obligation Related Terms

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Vertex Energy (Vertex Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vertex Energy Inc (NAS:VTNR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VTNR:Mexico 5VE:Germany

Address

1331 Gemini Street, Suite 250, Houston, TX, USA, 77058

Website

https://www.vertexenergy.com

Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Refining and Marketing, and Recovery. The company generates maximum revenue from the Refining and Marketing segment. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.

Executives

Christopher Allen Stratton	director	1331 GEMINI STREET, #250, HOUSTON TX 77058
Alvaro Ruiz	officer: Chief Strategy Officer	86 S KNIGHTS CROSSING DR, THE WOODLANDS TX 77382
James Gary Rhame	officer: Chief Operating Officer	2601 RYDER COURT, LEAGUE CITY TX 77573
Benjamin P Cowart	director, 10 percent owner, officer: CEO AND PRESIDENT	2506 DEEP OAK COURT, HOUSTON TX 77059
Douglas Scott Haugh	officer: Chief Commercial Officer	865 DUNHAM STREET, DANIEL ISLAND SC 29492
Karen Kay Maston	director	3770 OLYMPIA DRIVE, HOUSTON TX 77019
Odeh Khoury	director	6 GREYTON LN, HOUSTON TX 77024
David L Phillips	director	P.O. BOX 37167, HOUSTON TX 77237
John Noel Strickland	officer: COO	2030 ASHTON WAY, BAINBRIDGE GA 39819
Timothy C Harvey	director	15 COLONEL WINSTEAD DRIVE, BRENTWOOD TN 37027
James P Gregory	director	1225 EYE STREET NW SUITE 900, WASHINGTON DC 22209
David Peel	officer: COO	1427 SHELL FISH CT., MT. PLEASANT SC 29466
Dan Borgen	director	9500 NEW CENTURY, PASADENA TX 77507
Matthew Lieb	officer: CHIEF OPERATING OFFICER	13500 EVENING CREEK DRIVE #440, SAN DIEGO CA 92128
Chris Carlson	officer: CFO AND SECRETARY	4418 CEDAR RIDGE TRAIL, HOUSTON TX 77059