Murphy USA (FRA:1MU) Long-Term Capital Lease Obligation : €416 Mil (As of Mar. 2024)

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What is Murphy USA Long-Term Capital Lease Obligation?

Murphy USA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €416 Mil.

Murphy USA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€421 Mil) to Dec. 2023 (€413 Mil) but then increased from Dec. 2023 (€413 Mil) to Mar. 2024 (€416 Mil).

Murphy USA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€362 Mil) to Dec. 2022 (€419 Mil) but then declined from Dec. 2022 (€419 Mil) to Dec. 2023 (€413 Mil).

Murphy USA Long-Term Capital Lease Obligation Historical Data

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

Murphy USA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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117.14

361.88

419.33

412.93

Murphy USA 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															410.21	411.01	421.46	412.93	415.93

Murphy USA (FRA:1MU) 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.

Murphy USA Long-Term Capital Lease Obligation Related Terms

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Murphy USA (FRA:1MU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Murphy USA Inc (FRA:1MU) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MUSA:USA

Address

200 Peach Street, El Dorado, AR, USA, 71730-5836

Website

https://www.murphyusa.com

Murphy USA Inc is an American retailer of gasoline products and convenience-store merchandise operating in the United States. The stores are 100% company-operated and 90% company-owned; most are adjacent to Walmart stores. The business also contains product supply and wholesale assets, such as product distribution terminals and pipelines. Murphy is positioned in the market as a low-price, high-volume fuel retailer selling through low-cost kiosks and small stores. The stores adjacent to Walmart offer a discount program. The amount of the discount offered can vary based on many factors, including state laws.

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