NOVATEK PJSC (MIC:NVTK) Long-Term Capital Lease Obligation : ₽5,577 Mil (As of Jun. 2023)

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What is NOVATEK PJSC Long-Term Capital Lease Obligation?

NOVATEK PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽5,577 Mil.

NOVATEK PJSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2021 (₽4,049 Mil) to Dec. 2021 (₽3,426 Mil) but then increased from Dec. 2021 (₽3,426 Mil) to Jun. 2023 (₽5,577 Mil).

NOVATEK PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₽6,670 Mil) to Dec. 2021 (₽3,426 Mil) but then increased from Dec. 2021 (₽3,426 Mil) to Dec. 2023 (₽42,638 Mil).

NOVATEK PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for NOVATEK PJSC'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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NOVATEK PJSC Long-Term Capital Lease Obligation Chart

NOVATEK PJSC Annual Data

Trend

Dec13

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Dec15

Dec16

Dec17

Dec18

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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7,473.00

7,516.00

6,670.00

3,426.00

42,638.00

NOVATEK PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4,869.00	4,049.00	3,426.00	5,577.00	42,638.00

NOVATEK PJSC (MIC:NVTK) 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.

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NOVATEK PJSC (MIC:NVTK) Business Description

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Address

2, Udaltsova Street, Moscow, RUS, 119415

Website

https://www.novatek.ru

NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.

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