Petroleo Brasileiro Petrobras (MEX:PBRN) Long-Term Capital Lease Obligation : MXN504,603 Mil (As of Sep. 2024)

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What is Petroleo Brasileiro Petrobras Long-Term Capital Lease Obligation?

Petroleo Brasileiro Petrobras's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN504,603 Mil.

Petroleo Brasileiro Petrobras's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (MXN442,207 Mil) to Jun. 2024 (MXN473,978 Mil) and increased from Jun. 2024 (MXN473,978 Mil) to Sep. 2024 (MXN504,603 Mil).

Petroleo Brasileiro Petrobras's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (MXN361,272 Mil) to Dec. 2022 (MXN356,543 Mil) but then increased from Dec. 2022 (MXN356,543 Mil) to Dec. 2023 (MXN451,498 Mil).

Petroleo Brasileiro Petrobras Long-Term Capital Lease Obligation Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras Long-Term Capital Lease Obligation Chart

Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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341,818.64

317,317.18

361,272.05

356,542.85

451,498.02

Petroleo Brasileiro Petrobras 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															433,800.21	451,498.02	442,207.22	473,977.71	504,603.32

Petroleo Brasileiro Petrobras (MEX:PBRN) 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.

Petroleo Brasileiro Petrobras Long-Term Capital Lease Obligation Related Terms

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Petroleo Brasileiro Petrobras Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (MEX:PBRN) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

PBR.A:USA PBR:USA 0KHP:UK XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil PJXA:Bulgaria

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

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