Saudi Aramco Base Oil Co - Luberef (SAU:2223) Long-Term Capital Lease Obligation : ﷼165 Mil (As of Mar. 2024)

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What is Saudi Aramco Base Oil Co - Luberef Long-Term Capital Lease Obligation?

Saudi Aramco Base Oil Co - Luberef's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼165 Mil.

Saudi Aramco Base Oil Co - Luberef's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼120 Mil) to Dec. 2023 (﷼164 Mil) and increased from Dec. 2023 (﷼164 Mil) to Mar. 2024 (﷼165 Mil).

Saudi Aramco Base Oil Co - Luberef's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼108 Mil) to Dec. 2022 (﷼97 Mil) but then increased from Dec. 2022 (﷼97 Mil) to Dec. 2023 (﷼164 Mil).

Saudi Aramco Base Oil Co - Luberef Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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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Saudi Aramco Base Oil Co - Luberef Long-Term Capital Lease Obligation Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

107.54

97.45

163.84

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					130.79	123.21	119.87	163.84	164.99

Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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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Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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