Suncor Energy (TSX:SU) Long-Term Capital Lease Obligation : C$3,478 Mil (As of Dec. 2023)

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What is Suncor Energy Long-Term Capital Lease Obligation?

Suncor Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3,478 Mil.

Suncor Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$2,874 Mil) to Sep. 2023 (C$2,837 Mil) but then increased from Sep. 2023 (C$2,837 Mil) to Dec. 2023 (C$3,478 Mil).

Suncor Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$2,540 Mil) to Dec. 2022 (C$2,695 Mil) and increased from Dec. 2022 (C$2,695 Mil) to Dec. 2023 (C$3,478 Mil).

Suncor Energy Long-Term Capital Lease Obligation Historical Data

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

Suncor Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,621.00

2,636.00

2,540.00

2,695.00

3,478.00

Suncor Energy 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															2,695.00	2,918.00	2,874.00	2,837.00	3,478.00

Suncor Energy (TSX:SU) 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.

Suncor Energy Long-Term Capital Lease Obligation Related Terms

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Suncor Energy (TSX:SU) Business Description

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SU:USA SUU:Mexico SM3:Germany SM3:Germany

Address

150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3

Website

https://www.suncor.com

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.