Range Resources (FRA:RAX) Long-Term Capital Lease Obligation : €65 Mil (As of Mar. 2024)

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What is Range Resources Long-Term Capital Lease Obligation?

Range Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €65 Mil.

Range Resources's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€16 Mil) to Dec. 2023 (€15 Mil) but then increased from Dec. 2023 (€15 Mil) to Mar. 2024 (€65 Mil).

Range Resources's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€22 Mil) to Dec. 2022 (€20 Mil) and declined from Dec. 2022 (€20 Mil) to Dec. 2023 (€15 Mil).

Range Resources Long-Term Capital Lease Obligation Historical Data

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

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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36.96

35.47

22.00

19.73

14.73

Range 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															17.70	16.74	16.50	14.73	65.18

Range Resources (FRA:RAX) 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.

Range Resources Long-Term Capital Lease Obligation Related Terms

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Range Resources (FRA:RAX) Business Description

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

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RRC:USA RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.