ADNOC Logistics & Services (ADX:ADNOCLS) Long-Term Capital Lease Obligation : د.إ533 Mil (As of Dec. 2023)

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What is ADNOC Logistics & Services Long-Term Capital Lease Obligation?

ADNOC Logistics & Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ533 Mil.

ADNOC Logistics & Services's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (د.إ153 Mil) to Dec. 2022 (د.إ254 Mil) and increased from Dec. 2022 (د.إ254 Mil) to Dec. 2023 (د.إ533 Mil).

ADNOC Logistics & Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (د.إ153 Mil) to Dec. 2022 (د.إ254 Mil) and increased from Dec. 2022 (د.إ254 Mil) to Dec. 2023 (د.إ533 Mil).

ADNOC Logistics & Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for ADNOC Logistics & Services'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 Logistics & Services Long-Term Capital Lease Obligation Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

152.89

254.43

533.48

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	152.89	254.43	533.48

ADNOC Logistics & Services (ADX:ADNOCLS) 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 Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

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