Fertiglobe (ADX:FERTIGLB) Long-Term Capital Lease Obligation : د.إ237 Mil (As of Mar. 2024)

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What is Fertiglobe Long-Term Capital Lease Obligation?

Fertiglobe's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ237 Mil.

Fertiglobe's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (د.إ268 Mil) to Dec. 2023 (د.إ249 Mil) and declined from Dec. 2023 (د.إ249 Mil) to Mar. 2024 (د.إ237 Mil).

Fertiglobe's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ293 Mil) to Dec. 2022 (د.إ271 Mil) and declined from Dec. 2022 (د.إ271 Mil) to Dec. 2023 (د.إ249 Mil).

Fertiglobe Long-Term Capital Lease Obligation Historical Data

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

Fertiglobe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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322.13

297.15

293.48

270.70

249.40

Fertiglobe Quarterly Data
	Dec18	Dec19	Jun20	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												301.19	287.97	268.13	249.40	236.54

Fertiglobe (ADX:FERTIGLB) 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.

Fertiglobe Long-Term Capital Lease Obligation Related Terms

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Fertiglobe (ADX:FERTIGLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Fertiglobe PLC (ADX:FERTIGLB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Abu Dhabi Global Market Square, 2475-2476, 20th floor, Al Sila Tower, Al Maryah Island, ARE

Website

https://www.fertiglobe.com

Fertiglobe PLC is engaged in the production of urea, ammonia, and other gas-based fertilizers for export and distribution. The company's portfolio of products comprises ammonia, urea for agricultural and industrial customers, and DEF, which is also known as AdBlue in Europe and marketed as AdGreen by FERTIL, for industrial customers.

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