Targa Resources (STU:TAR) Long-Term Capital Lease Obligation : €285 Mil (As of Mar. 2024)

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What is Targa Resources Long-Term Capital Lease Obligation?

Targa Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €285 Mil.

Targa Resources's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€257 Mil) to Dec. 2023 (€276 Mil) and increased from Dec. 2023 (€276 Mil) to Mar. 2024 (€285 Mil).

Targa Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€43 Mil) to Dec. 2022 (€209 Mil) and increased from Dec. 2022 (€209 Mil) to Dec. 2023 (€276 Mil).

Targa Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Targa Resources'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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Targa Resources Long-Term Capital Lease Obligation Chart

Targa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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65.70

53.35

42.66

209.19

275.65

Targa Resources 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															220.52	244.04	256.64	275.65	284.83

Targa Resources (STU:TAR) 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.

Targa Resources Long-Term Capital Lease Obligation Related Terms

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Targa Resources (STU:TAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (STU:TAR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TRGP:USA

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

https://www.targaresources.com

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.

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