Imperial Oil (Imperial Oil) Long-Term Capital Lease Obligation : $503 Mil (As of Dec. 2023)

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What is Imperial Oil Long-Term Capital Lease Obligation?

Imperial Oil's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $503 Mil.

Imperial Oil's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($528 Mil) to Sep. 2023 ($511 Mil) and declined from Sep. 2023 ($511 Mil) to Dec. 2023 ($503 Mil).

Imperial Oil's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($589 Mil) to Dec. 2022 ($543 Mil) and declined from Dec. 2022 ($543 Mil) to Dec. 2023 ($503 Mil).

Imperial Oil Long-Term Capital Lease Obligation Historical Data

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

Imperial Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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498.90

472.32

589.06

542.51

503.13

Imperial Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															542.51	524.01	528.38	511.42	503.13

Imperial Oil (AMEX:IMO) 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.

Imperial Oil Long-Term Capital Lease Obligation Related Terms

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Imperial Oil (Imperial Oil) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Oil Ltd (AMEX:IMO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

IMP:Germany IMO:Canada

Address

505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1

Website

https://www.imperialoil.ca

Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d. The Upstream segment operates to produce crude oil and its equivalent, and natural gas. The Downstream segment operates to refine crude oil into petroleum products. The Chemical segment manufactures hydrocarbon-based chemicals and chemical products.