Vertex Energy (STU:5VE) Long-Term Capital Lease Obligation : €120 Mil (As of Mar. 2024)

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What is Vertex Energy Long-Term Capital Lease Obligation?

Vertex Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €120 Mil.

Vertex Energy's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€123 Mil) to Dec. 2023 (€129 Mil) but then declined from Dec. 2023 (€129 Mil) to Mar. 2024 (€120 Mil).

Vertex Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€24 Mil) to Dec. 2022 (€90 Mil) and increased from Dec. 2022 (€90 Mil) to Dec. 2023 (€129 Mil).

Vertex Energy Long-Term Capital Lease Obligation Historical Data

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

Vertex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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27.28

3.76

24.24

89.69

128.98

Vertex Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															107.25	123.87	122.86	128.98	119.53

Vertex Energy (STU:5VE) 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.

Vertex Energy Long-Term Capital Lease Obligation Related Terms

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Vertex Energy (STU:5VE) Business Description

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Address

1331 Gemini Street, Suite 250, Houston, TX, USA, 77058

Website

https://www.vertexenergy.com

Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Refining and Marketing, and Recovery. The company generates maximum revenue from the Refining and Marketing segment. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.

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