Brooge Energy (FRA:3SF) Long-Term Capital Lease Obligation : €80.3 Mil (As of Jun. 2023)

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What is Brooge Energy Long-Term Capital Lease Obligation?

Brooge Energy's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €80.3 Mil.

Brooge Energy's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€0.0 Mil) to Dec. 2022 (€79.8 Mil) and increased from Dec. 2022 (€79.8 Mil) to Jun. 2023 (€80.3 Mil).

Brooge Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€65.2 Mil) to Dec. 2021 (€71.5 Mil) and increased from Dec. 2021 (€71.5 Mil) to Dec. 2022 (€79.8 Mil).

Brooge Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Brooge Energy'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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Brooge Energy Long-Term Capital Lease Obligation Chart

Brooge Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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24.71

25.76

65.18

71.51

79.82

Brooge Energy Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						66.44	71.51	-	79.82	80.31

Brooge Energy (FRA:3SF) 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.

Brooge Energy Long-Term Capital Lease Obligation Related Terms

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Brooge Energy (FRA:3SF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Brooge Energy Ltd (FRA:3SF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

BROG:USA

Address

c/o Brooge Petroleum and Gas Investment Company FZE, P.O. Box 50170, Fujairah, ARE

Website

https://www.broogeenergy.com

Brooge Energy Ltd is an Oil Refinery & Storage Company in the United Arab Emirates. The company generates revenue from the leasing of storage capacity of tanks and other ancillary services.

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