Oil Terminal (BSE:OIL) Long-Term Capital Lease Obligation : lei7.2 Mil (As of Sep. 2024)

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What is Oil Terminal Long-Term Capital Lease Obligation?

Oil Terminal's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was lei7.2 Mil.

Oil Terminal's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (lei5.7 Mil) to Jun. 2024 (lei5.4 Mil) but then increased from Jun. 2024 (lei5.4 Mil) to Sep. 2024 (lei7.2 Mil).

Oil Terminal's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (lei2.5 Mil) to Dec. 2022 (lei3.3 Mil) and increased from Dec. 2022 (lei3.3 Mil) to Dec. 2023 (lei6.0 Mil).

Oil Terminal Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oil Terminal'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.

Oil Terminal Long-Term Capital Lease Obligation Chart

Oil Terminal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.77

2.91

2.53

3.35

5.96

Oil Terminal Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.11	5.96	5.71	5.35	7.21

Oil Terminal (BSE:OIL) 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.

Oil Terminal Long-Term Capital Lease Obligation Related Terms

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Oil Terminal Business Description

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Address

Strada Caraiman nr. 2, Constanta, ROU, 900117

Website

https://www.oil-terminal.com

Oil Terminal SA Romania-based company, engages in the transportation of oil, petroleum, and petrochemical products and other products and raw materials for import/export and transit. The company provides various services related to liquid cargo handling, such as reception, loading, unloading, storage, and conditioning of crude oil, petroleum, petrochemical, and liquid chemical products.