Petrol AD (XBUL:PET) Long-Term Capital Lease Obligation : лв0.0 Mil (As of Mar. 2023)

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What is Petrol AD Long-Term Capital Lease Obligation?

Petrol AD's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was лв0.0 Mil.

Petrol AD's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (лв4.2 Mil) to Dec. 2022 (лв42.8 Mil) but then declined from Dec. 2022 (лв42.8 Mil) to Mar. 2023 (лв0.0 Mil).

Petrol AD's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (лв9.8 Mil) to Dec. 2021 (лв4.8 Mil) but then increased from Dec. 2021 (лв4.8 Mil) to Dec. 2022 (лв42.8 Mil).

Petrol AD Long-Term Capital Lease Obligation Historical Data

The historical data trend for Petrol AD'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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Petrol AD Long-Term Capital Lease Obligation Chart

Petrol AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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7.72

9.80

4.80

42.83

Petrol AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.80	-	4.16	42.83	-

Petrol AD (XBUL:PET) 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.

Petrol AD Long-Term Capital Lease Obligation Related Terms

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Petrol AD (XBUL:PET) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrol AD (XBUL:PET) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

bul. Cherni vrah 43, rayon Lozenets, Sofia, BGR, 1407

Website

http://www.petrol.bg

Petrol AD is engaged in the distribution of fuels in Bulgaria. Its other business activities comprise selling of fuel at retail and wholesale, storage of fuels and maintenance of fuel sales facilities.