Devon Energy (LTS:0I8W) Long-Term Capital Lease Obligation : $77 Mil (As of Mar. 2025)

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What is Devon Energy Long-Term Capital Lease Obligation?

Devon Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $77 Mil.

Devon Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($328 Mil) to Dec. 2024 ($320 Mil) and declined from Dec. 2024 ($320 Mil) to Mar. 2025 ($77 Mil).

Devon Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($257 Mil) to Dec. 2023 ($295 Mil) and increased from Dec. 2023 ($295 Mil) to Dec. 2024 ($320 Mil).

Devon Energy Long-Term Capital Lease Obligation Historical Data

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

Devon Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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246.00

252.00

257.00

295.00

320.00

Devon Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															301.00	315.00	328.00	320.00	77.00

Devon Energy (LTS:0I8W) 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.

Devon Energy Long-Term Capital Lease Obligation Related Terms

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Devon Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (LTS:0I8W) » Definitions » Long-Term Capital Lease Obligation

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Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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