ED (Consolidated Edison) Long-Term Capital Lease Obligation : $430 Mil (As of Sep. 2024)

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What is Consolidated Edison Long-Term Capital Lease Obligation?

Consolidated Edison's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $430 Mil.

Consolidated Edison's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2024 ($430 Mil) to Jun. 2024 ($430 Mil) and stayed the same from Jun. 2024 ($430 Mil) to Sep. 2024 ($430 Mil).

Consolidated Edison's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($717 Mil) to Dec. 2022 ($476 Mil) and declined from Dec. 2022 ($476 Mil) to Dec. 2023 ($429 Mil).

Consolidated Edison Long-Term Capital Lease Obligation Historical Data

The historical data trend for Consolidated Edison'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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Consolidated Edison Long-Term Capital Lease Obligation Chart

Consolidated Edison Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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809.00

764.00

717.00

476.00

429.00

Consolidated Edison 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															477.00	429.00	430.00	430.00	430.00

Consolidated Edison (NYSE:ED) 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.

Consolidated Edison Long-Term Capital Lease Obligation Related Terms

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Consolidated Edison Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Consolidated Edison Inc (NYSE:ED) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

4 Irving Place, Room 700, New York, NY, USA, 10003

Website

https://www.conedison.com

Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.

Executives

Joseph Miller	officer: VP & Controller	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
John F Killian	director	140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Jennifer Hensley	officer: SVP, Corporate Affairs	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Deneen L Donnley	officer: SVP and General Counsel	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Stuart Nachmias	officer: President & CEO CET	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert N Hoglund	officer: Senior Vice President Finance	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert Sanchez	officer: SVP, Corporate Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Timothy Cawley	officer: President & CEO, O&R	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Nancy Shannon	officer: SVP, Utility Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Christina Ho	officer: VP, Strategic Planning	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Matthew Ketschke	officer: President CECONY	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Gurudatta D Nadkarni	officer: Vice President	4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003
De La Bastide Lore	officer: SVP, Utility Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Frances Resheske	officer: Senior VP Public Affairs	4 IRVING PLACE, NEW YORK NY 10003
John Mcavoy	officer: President & CEO, O&R	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003