OCINF (OCI NV) Long-Term Capital Lease Obligation : $102 Mil (As of Dec. 2024)

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What is OCI NV Long-Term Capital Lease Obligation?

OCI NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $102 Mil.

OCI NV's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($109 Mil) to Jun. 2024 ($111 Mil) but then declined from Jun. 2024 ($111 Mil) to Dec. 2024 ($102 Mil).

OCI NV's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($228 Mil) to Dec. 2023 ($114 Mil) and declined from Dec. 2023 ($114 Mil) to Dec. 2024 ($102 Mil).

OCI NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for OCI NV'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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OCI NV Long-Term Capital Lease Obligation Chart

OCI NV Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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248.60

237.50

227.50

113.80

102.20

OCI NV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															242.30	113.80	109.20	110.50	102.20

OCI NV (OTCPK:OCINF) 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.

OCI NV Long-Term Capital Lease Obligation Related Terms

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OCI NV Business Description

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Traded in Other Exchanges

OCI:Netherlands OCIa:UK 0QGH:UK OIC:Germany

Address

Honthorststraat 19, Amsterdam, NH, NLD, 1071

Website

https://oci-global.com

OCI NV manufactures and sells a variety of fertilizers and natural gas-based chemicals. The reportable segments are: Methanol US, Methanol Europe, and Nitrogen Europe. The company generates the majority of its revenue from Nitrogen Europe segment. The Nitrogen Europe segment is engaged in consists of OCI Nitrogen (OCIN) and OCI Terminal Europoort B.V. Nitrogen is an integrated nitrates fertilizer producer and melamine producer with production site in Geleen, the Netherlands. OCI Terminal Europoort B.V. provides storage and shipment services of ammonia through at its location in Rotterdam, the Netherlands. The company generates the majority of its revenue from Europe and the Americas.