ADNOC Gas (ADX:ADNOCGAS) Long-Term Capital Lease Obligation : د.إ104 Mil (As of Dec. 2023)

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What is ADNOC Gas Long-Term Capital Lease Obligation?

ADNOC Gas's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ104 Mil.

ADNOC Gas's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2020 (د.إ0 Mil) to Dec. 2021 (د.إ0 Mil) but then increased from Dec. 2021 (د.إ0 Mil) to Dec. 2023 (د.إ104 Mil).

ADNOC Gas's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2020 (د.إ0 Mil) to Dec. 2021 (د.إ0 Mil) but then increased from Dec. 2021 (د.إ0 Mil) to Dec. 2023 (د.إ104 Mil).

ADNOC Gas Long-Term Capital Lease Obligation Historical Data

The historical data trend for ADNOC Gas'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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ADNOC Gas Long-Term Capital Lease Obligation Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Long-Term Capital Lease Obligation

104.04

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Long-Term Capital Lease Obligation	-	-	104.04

ADNOC Gas (ADX:ADNOCGAS) 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.

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Long-Term Capital Lease Obligation

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Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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