PBF Energy (STU:PEN) Long-Term Capital Lease Obligation : €610 Mil (As of Mar. 2024)

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What is PBF Energy Long-Term Capital Lease Obligation?

PBF Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €610 Mil.

PBF Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€635 Mil) to Dec. 2023 (€601 Mil) but then increased from Dec. 2023 (€601 Mil) to Mar. 2024 (€610 Mil).

PBF Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€619 Mil) to Dec. 2022 (€576 Mil) but then increased from Dec. 2022 (€576 Mil) to Dec. 2023 (€601 Mil).

PBF Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for PBF Energy'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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PBF Energy Long-Term Capital Lease Obligation Chart

PBF Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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269.19

761.83

618.97

576.41

600.54

PBF Energy 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															583.47	617.30	635.10	600.54	609.87

PBF Energy (STU:PEN) 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.

PBF Energy Long-Term Capital Lease Obligation Related Terms

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PBF Energy (STU:PEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PBF Energy Inc (STU:PEN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PBF:USA PBF:Mexico

Address

One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054

Website

https://www.pbfenergy.com

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.