Thai Oil PCL (BKK:TOP) Long-Term Capital Lease Obligation : ฿19,869 Mil (As of Mar. 2024)

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What is Thai Oil PCL Long-Term Capital Lease Obligation?

Thai Oil PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿19,869 Mil.

Thai Oil PCL's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿20,990 Mil) to Dec. 2023 (฿19,688 Mil) but then increased from Dec. 2023 (฿19,688 Mil) to Mar. 2024 (฿19,869 Mil).

Thai Oil PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿14,135 Mil) to Dec. 2022 (฿21,107 Mil) but then declined from Dec. 2022 (฿21,107 Mil) to Dec. 2023 (฿19,688 Mil).

Thai Oil PCL Long-Term Capital Lease Obligation Historical Data

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

Thai Oil PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11,271.71

14,135.40

21,106.96

19,688.45

Thai Oil PCL Quarterly Data
	Jun19	Sep19	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															20,766.54	20,972.84	20,989.73	19,688.45	19,868.82

Thai Oil PCL (BKK:TOP) 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.

Thai Oil PCL Long-Term Capital Lease Obligation Related Terms

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Thai Oil PCL (BKK:TOP) Business Description

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TOIPY:USA LQZ1:Germany

Address

11th Floor, Vibhavadi Rangsit Road, 555/1 Energy Complex Building A, Kwang Chatuchak, Khet Chatuchak, Bangkok, THA, 10900

Website

https://www.thaioilgroup.com

Thai Oil PCL is a refiner and supplier of petroleum products. Based out of Thailand, the company's refinery unit produces the most revenue of its various business segments. Thai Oil's refined products primarily consist of middle-distillation fuels such as jet fuel, kerosene, and diesel fuel. Once refined, petroleum products can be transported by the midstream business, Thai Petroleum Pipeline. In addition to the transportation and refinery segments, Thai Oil produces aromatics, which are used in products like detergent. Power generation, alternative energy, and chemical production are also byproducts of Thai Oil and its many subsidiaries.