CNX Resources (FRA:CGD) Long-Term Capital Lease Obligation : €76 Mil (As of Mar. 2024)

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What is CNX Resources Long-Term Capital Lease Obligation?

CNX Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €76 Mil.

CNX Resources's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€100 Mil) to Dec. 2023 (€87 Mil) and declined from Dec. 2023 (€87 Mil) to Mar. 2024 (€76 Mil).

CNX Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€31 Mil) to Dec. 2022 (€127 Mil) but then declined from Dec. 2022 (€127 Mil) to Dec. 2023 (€87 Mil).

CNX Resources Long-Term Capital Lease Obligation Historical Data

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

CNX Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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106.36

44.63

30.88

126.57

87.14

CNX Resources 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															118.38	109.59	100.30	87.14	75.98

CNX Resources (FRA:CGD) 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.

CNX Resources Long-Term Capital Lease Obligation Related Terms

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CNX Resources (FRA:CGD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNX Resources Corp (FRA:CGD) » Definitions » Long-Term Capital Lease Obligation

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CNX:USA

Address

1000 Horizon Vue Drive, Canonsburg, PA, USA, 15317-6506

Website

https://www.cnx.com

CNX Resources Corp is an independent natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.

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