Borouge (ADX:BOROUGE) Long-Term Capital Lease Obligation : د.إ594 Mil (As of Mar. 2024)

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What is Borouge Long-Term Capital Lease Obligation?

Borouge's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ594 Mil.

Borouge's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (د.إ584 Mil) to Dec. 2023 (د.إ596 Mil) but then declined from Dec. 2023 (د.إ596 Mil) to Mar. 2024 (د.إ594 Mil).

Borouge's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (د.إ0 Mil) to Dec. 2022 (د.إ584 Mil) and increased from Dec. 2022 (د.إ584 Mil) to Dec. 2023 (د.إ596 Mil).

Borouge Long-Term Capital Lease Obligation Historical Data

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

Borouge Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

583.57

596.06

Borouge Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				585.48	580.99	584.14	596.06	594.01

Borouge (ADX:BOROUGE) 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.

Borouge Long-Term Capital Lease Obligation Related Terms

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Borouge (ADX:BOROUGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE

Website

https://www.borouge.com

Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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