HF Sinclair (STU:HL80) Long-Term Capital Lease Obligation : €285 Mil (As of Mar. 2024)

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What is HF Sinclair Long-Term Capital Lease Obligation?

HF Sinclair's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €285 Mil.

HF Sinclair's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€208 Mil) to Dec. 2023 (€229 Mil) and increased from Dec. 2023 (€229 Mil) to Mar. 2024 (€285 Mil).

HF Sinclair's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€273 Mil) to Dec. 2022 (€240 Mil) and declined from Dec. 2022 (€240 Mil) to Dec. 2023 (€229 Mil).

HF Sinclair Long-Term Capital Lease Obligation Historical Data

The historical data trend for HF Sinclair'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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HF Sinclair Long-Term Capital Lease Obligation Chart

HF Sinclair Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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327.98

234.92

273.24

239.98

228.77

HF Sinclair 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															218.56	203.03	208.02	228.77	284.62

HF Sinclair (STU:HL80) 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.

HF Sinclair Long-Term Capital Lease Obligation Related Terms

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HF Sinclair (STU:HL80) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » HF Sinclair Corp (STU:HL80) » Definitions » Long-Term Capital Lease Obligation

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DINO:USA

Address

2828 North Harwood, Suite 1300, Dallas, TX, USA, 75201

Website

https://www.hfsinclair.com

HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies, midcontinent, Southwest, and Pacific Northwest, with a total crude oil throughput capacity of 678,000 barrels per day. It can produce 380 million gallons of renewable diesel annually. It holds a marketing business with over 300 distributors and 1,500 wholesale branded sites across 30 states. It also has a 47% ownership stake in Holly Energy Partners, which owns and operates petroleum product pipelines and terminals principally in the southwestern United States, but has announced a proposal to purchase the remaining 53%.

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