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Eni SpA (WBO:ENI) Long-Term Capital Lease Obligation : €4,052 Mil (As of Sep. 2024)


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What is Eni SpA Long-Term Capital Lease Obligation?

Eni SpA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €4,052 Mil.

Eni SpA's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (€4,237 Mil) to Jun. 2024 (€4,209 Mil) and declined from Jun. 2024 (€4,209 Mil) to Sep. 2024 (€4,052 Mil).

Eni SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€4,389 Mil) to Dec. 2022 (€4,067 Mil) but then increased from Dec. 2022 (€4,067 Mil) to Dec. 2023 (€4,208 Mil).


Eni SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Eni SpA'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.

* Premium members only.

Eni SpA Long-Term Capital Lease Obligation Chart

Eni SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,759.00 4,169.00 4,389.00 4,067.00 4,208.00

Eni SpA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,014.00 4,208.00 4,237.00 4,209.00 4,052.00

Eni SpA  (WBO:ENI) 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.

Eni SpA Long-Term Capital Lease Obligation Related Terms

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Eni SpA Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (WBO:ENI) » Definitions » Long-Term Capital Lease Obligation
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1, Piazzale Enrico Mattei, Rome, ITA, 00144
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2023, Eni held reserves of 6.4 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

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