Coterra Energy (BSP:C1OG34) Long-Term Capital Lease Obligation : R$1,066 Mil (As of Mar. 2024)

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What is Coterra Energy Long-Term Capital Lease Obligation?

Coterra Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$1,066 Mil.

Coterra Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (R$1,319 Mil) to Dec. 2023 (R$1,191 Mil) and declined from Dec. 2023 (R$1,191 Mil) to Mar. 2024 (R$1,066 Mil).

Coterra Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$1,442 Mil) to Dec. 2022 (R$1,563 Mil) but then declined from Dec. 2022 (R$1,563 Mil) to Dec. 2023 (R$1,191 Mil).

Coterra Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Coterra 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.

* Premium members only.

Coterra Energy Long-Term Capital Lease Obligation Chart

Coterra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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134.12

154.34

1,442.00

1,563.13

1,190.65

Coterra Energy 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															1,458.41	1,305.65	1,318.63	1,190.65	1,065.68

Coterra Energy (BSP:C1OG34) 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.

Coterra Energy Long-Term Capital Lease Obligation Related Terms

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Coterra Energy (BSP:C1OG34) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (BSP:C1OG34) » Definitions » Long-Term Capital Lease Obligation

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Address

840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024

Website

https://www.coterra.com

Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

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