Valero Energy (WBO:VLO) Long-Term Capital Lease Obligation : €1,987 Mil (As of Sep. 2024)

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What is Valero Energy Long-Term Capital Lease Obligation?

Valero Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,987 Mil.

Valero Energy's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (€2,033 Mil) to Jun. 2024 (€2,009 Mil) and declined from Jun. 2024 (€2,009 Mil) to Sep. 2024 (€1,987 Mil).

Valero Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€832 Mil) to Dec. 2022 (€733 Mil) and declined from Dec. 2022 (€733 Mil) to Dec. 2023 (€691 Mil).

Valero Energy Long-Term Capital Lease Obligation Historical Data

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

Valero Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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863.10

727.47

831.90

732.54

690.50

Valero Energy 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															1,955.52	690.50	2,033.20	2,009.43	1,986.71

Valero Energy (WBO:VLO) 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.

Valero Energy Long-Term Capital Lease Obligation Related Terms

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Valero Energy Business Description

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Traded in Other Exchanges

VLO:USA VLO:Mexico 0LK6:UK V1L:Germany V1L:Germany VLOE34:Brazil

Address

One Valero Way, San Antonio, TX, USA, 78249

Website

https://www.valero.com

Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has the capacity to produce 1.2 billion gallons per year of renewable diesel.