Severstal PAO (MIC:CHMF) Long-Term Capital Lease Obligation : ₽8,225 Mil (As of Dec. 2023)

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What is Severstal PAO Long-Term Capital Lease Obligation?

Severstal PAO's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₽8,225 Mil.

Severstal PAO's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (₽8,722 Mil) to Jun. 2023 (₽0 Mil) but then increased from Jun. 2023 (₽0 Mil) to Dec. 2023 (₽8,225 Mil).

Severstal PAO's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₽7,932 Mil) to Dec. 2022 (₽8,722 Mil) but then declined from Dec. 2022 (₽8,722 Mil) to Dec. 2023 (₽8,225 Mil).

Severstal PAO Long-Term Capital Lease Obligation Historical Data

The historical data trend for Severstal PAO'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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Severstal PAO Long-Term Capital Lease Obligation Chart

Severstal PAO Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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8,493.49

8,184.52

7,932.00

8,722.00

8,225.00

Severstal PAO Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7,932.00	-	8,722.00	-	8,225.00

Severstal PAO (MIC:CHMF) 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.

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Severstal PAO (MIC:CHMF) Business Description

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Address

Klary Tsetkin Street, 2, Moscow, RUS, 127299

Website

https://www.severstal.com

Severstal PAO is a vertically integrated steel and mining company in Russia. The company has two operating divisions: Severstal Resources and Severstal Russian Steel. Its core asset is the Cherepovets steel mill, which is located within easy access of the company's mining operations, the Baltic ports, and Russia's industrial heartland. The company produces iron ore pellets, iron ore concentrates, crushed stones, ferrite strontium powder, coking & steam coal, and coking coal concentrate. These materials are provided to six industry categories: construction and service processing, tube and pipe, oil and gas, machinery, autos, and others. Construction and service processing accounts for a majority of sales. Severstal generates most of its revenue in Russia.

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