AltaGas (TSX:ALA.PR.A.PFD) Long-Term Capital Lease Obligation : C$378.00 Mil (As of Dec. 2023)

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What is AltaGas Long-Term Capital Lease Obligation?

AltaGas's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$378.00 Mil.

AltaGas's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$196.00 Mil) to Sep. 2023 (C$205.00 Mil) and increased from Sep. 2023 (C$205.00 Mil) to Dec. 2023 (C$378.00 Mil).

AltaGas's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$253.00 Mil) to Dec. 2022 (C$230.00 Mil) but then increased from Dec. 2022 (C$230.00 Mil) to Dec. 2023 (C$378.00 Mil).

AltaGas Long-Term Capital Lease Obligation Historical Data

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

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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153.00

304.00

253.00

230.00

378.00

AltaGas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															230.00	203.00	196.00	205.00	378.00

AltaGas (TSX:ALA.PR.A.PFD) 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.

AltaGas Long-Term Capital Lease Obligation Related Terms

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AltaGas (TSX:ALA.PR.A.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (TSX:ALA.PR.A.PFD) » Definitions » Long-Term Capital Lease Obligation

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ATGFF:USA AQ3:Germany ALA.PR.H.PFD:Canada ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA:Canada

Address

1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

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