Koninklijke Vopak NV (XAMS:VPK) Long-Term Capital Lease Obligation : €608 Mil (As of Dec. 2023)

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What is Koninklijke Vopak NV Long-Term Capital Lease Obligation?

Koninklijke Vopak NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €608 Mil.

Koninklijke Vopak NV's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€689 Mil) to Jun. 2023 (€707 Mil) but then declined from Jun. 2023 (€707 Mil) to Dec. 2023 (€608 Mil).

Koninklijke Vopak NV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€676 Mil) to Dec. 2022 (€689 Mil) but then declined from Dec. 2022 (€689 Mil) to Dec. 2023 (€608 Mil).

Koninklijke Vopak NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Koninklijke Vopak NV'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.

Koninklijke Vopak NV Long-Term Capital Lease Obligation Chart

Koninklijke Vopak NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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534.70

668.50

676.10

688.80

608.30

Koninklijke Vopak NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															676.10	690.80	688.80	706.90	608.30

Koninklijke Vopak NV (XAMS:VPK) 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.

Koninklijke Vopak NV Long-Term Capital Lease Obligation Related Terms

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Koninklijke Vopak NV (XAMS:VPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Koninklijke Vopak NV (XAMS:VPK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VOPKY:USA VOPKF:USA VPKa:UK 0O8V:UK VPK5:Germany

Address

Westerlaan 10, Rotterdam, NLD, 3016 CK

Website

https://www.vopak.com

Koninklijke Vopak NV is a tank storage provider for the oil and chemical industry. The company provides storage facilities and handling services for bulk liquid products and gases, including oil, chemicals, gases, liquefied natural gas, and biofuels. The company organizes itself into five segments, which are principally based on geography: Europe & Africa, Asia & Middle East, China & North Asia, and Americas and LNG. The Netherlands contributes the largest portion of revenue, followed by Asia (principally Singapore), the Americas (principally the United States), and Europe, the Middle East, and Africa.

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