Novolipetsk Steel PJSC (Novolipetsk Steel PJSC) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2021)

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What is Novolipetsk Steel PJSC Long-Term Capital Lease Obligation?

Novolipetsk Steel PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0 Mil.

Novolipetsk Steel PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Novolipetsk Steel 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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Novolipetsk Steel PJSC Long-Term Capital Lease Obligation Chart

Novolipetsk Steel PJSC Annual Data

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Long-Term Capital Lease Obligation

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Novolipetsk Steel PJSC Quarterly Data
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Novolipetsk Steel PJSC (OTCPK:NISQY) 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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Novolipetsk Steel PJSC (Novolipetsk Steel PJSC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Novolipetsk Steel PJSC (OTCPK:NISQY) » Definitions » Long-Term Capital Lease Obligation

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Address

2, Metallurgov Sq., Lipetsk, RUS, 398040

Website

https://www.nlmk.com

Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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