Global Partners LP (Global Partners LP) Long-Term Capital Lease Obligation : $336.40 Mil (As of Mar. 2024)

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What is Global Partners LP Long-Term Capital Lease Obligation?

Global Partners LP's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $336.40 Mil.

Global Partners LP's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($348.63 Mil) to Dec. 2023 ($338.68 Mil) and declined from Dec. 2023 ($338.68 Mil) to Mar. 2024 ($336.40 Mil).

Global Partners LP's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($372.65 Mil) to Dec. 2022 ($373.21 Mil) but then declined from Dec. 2022 ($373.21 Mil) to Dec. 2023 ($338.68 Mil).

Global Partners LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Partners LP'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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Global Partners LP Long-Term Capital Lease Obligation Chart

Global Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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387.48

373.18

372.65

373.21

338.68

Global Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															369.99	359.11	348.63	338.68	336.40

Global Partners LP (NYSE:GLPpB.PFD) 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.

Global Partners LP Long-Term Capital Lease Obligation Related Terms

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Global Partners LP (Global Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Global Partners LP (NYSE:GLPpB.PFD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GLP:USA

Address

800 South Street, P.O. Box 9161, Suite 500, Waltham, MA, USA, 02454-9161

Website

https://www.globalp.com

Global Partners LP is an us-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.