Abu Dhabi National Energy Co PJSC (ADX:TAQA) Long-Term Capital Lease Obligation : د.إ231 Mil (As of Dec. 2023)

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What is Abu Dhabi National Energy Co PJSC Long-Term Capital Lease Obligation?

Abu Dhabi National Energy Co PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ231 Mil.

Abu Dhabi National Energy Co PJSC's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (د.إ0 Mil) to Sep. 2023 (د.إ0 Mil) but then increased from Sep. 2023 (د.إ0 Mil) to Dec. 2023 (د.إ231 Mil).

Abu Dhabi National Energy Co PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ388 Mil) to Dec. 2022 (د.إ319 Mil) and declined from Dec. 2022 (د.إ319 Mil) to Dec. 2023 (د.إ231 Mil).

Abu Dhabi National Energy Co PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Abu Dhabi National Energy Co PJSC'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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Abu Dhabi National Energy Co PJSC Long-Term Capital Lease Obligation Chart

Abu Dhabi National Energy Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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21.00

361.00

388.00

319.00

231.00

Abu Dhabi National Energy Co PJSC 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															319.00	-	-	-	231.00

Abu Dhabi National Energy Co PJSC (ADX:TAQA) 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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Abu Dhabi National Energy Co PJSC (ADX:TAQA) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Abu Dhabi National Energy Co PJSC (ADX:TAQA) » Definitions » Long-Term Capital Lease Obligation

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Address

Abu Dhabi Global Market Square, 25th Floor, Al Maqam Tower (Tower 3), P.O. Box 55224, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.taqa.com

Abu Dhabi National Energy Co PJSC which is majority-owned by the Abu Dhabi government is a fully integrated leading global energy provider with operations in nine markets around the world. Its segment includes Power and Water Generation segment, Power and Water Transmission and Distribution segment, Oil and Gas segment which is in North America, Europe, and Atrush. These segments provide services in power generation, water desalination, oil and gas exploration, pipelines, as well as gas storage.

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