ARKO (XTAE:ARKO) Long-Term Capital Lease Obligation : ₪5,819 Mil (As of Mar. 2024)

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What is ARKO Long-Term Capital Lease Obligation?

ARKO's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪5,819 Mil.

ARKO's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₪6,011 Mil) to Dec. 2023 (₪5,883 Mil) and declined from Dec. 2023 (₪5,883 Mil) to Mar. 2024 (₪5,819 Mil).

ARKO's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₪4,779 Mil) to Dec. 2022 (₪5,283 Mil) and increased from Dec. 2022 (₪5,283 Mil) to Dec. 2023 (₪5,883 Mil).

ARKO Long-Term Capital Lease Obligation Historical Data

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

ARKO Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,728.19

4,390.78

4,778.54

5,282.81

5,883.22

ARKO Quarterly Data
	Dec18	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														5,896.16	6,024.23	6,011.16	5,883.22	5,818.87

ARKO (XTAE:ARKO) 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.

ARKO Long-Term Capital Lease Obligation Related Terms

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ARKO (XTAE:ARKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ARKO Corp (XTAE:ARKO) » Definitions » Long-Term Capital Lease Obligation

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ARKO:USA

Address

8565 Magellan Parkway, Suite 400, Richmond, VA, USA, 23227-1150

Website

https://www.arkocorp.com

ARKO Corp operates as a holding company. The company, through its subsidiaries, owns and operates convenience stores in the United States. Some of its regional store brands include Stop, Admiral, Apple Market, BreadBox, E-Z Mart, fas mart, Li'l Cricket, and Next Door Store. Its retail store offers hot food service, beverages, cigarettes & other tobacco products, candy, salty snacks, grocery, beer, and general merchandise. ARKO operates in four segments: Retail segment, Wholesale segment, fleet fueling segment, and GPM Petroleum segment. The company derives the majority of its revenue from retail and wholesale distribution of fuel.