REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Long-Term Capital Lease Obligation : €3.3 Mil (As of Dec. 2023)

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What is REN-Redes Energeticas Nacionais Sgps Long-Term Capital Lease Obligation?

REN-Redes Energeticas Nacionais Sgps's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.3 Mil.

REN-Redes Energeticas Nacionais Sgps's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€2.5 Mil) to Sep. 2023 (€2.8 Mil) and increased from Sep. 2023 (€2.8 Mil) to Dec. 2023 (€3.3 Mil).

REN-Redes Energeticas Nacionais Sgps's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.7 Mil) to Dec. 2022 (€2.4 Mil) but then increased from Dec. 2022 (€2.4 Mil) to Dec. 2023 (€3.3 Mil).

REN-Redes Energeticas Nacionais Sgps Long-Term Capital Lease Obligation Historical Data

The historical data trend for REN-Redes Energeticas Nacionais Sgps'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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REN-Redes Energeticas Nacionais Sgps Long-Term Capital Lease Obligation Chart

REN-Redes Energeticas Nacionais Sgps Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.39

3.21

2.73

2.42

3.28

REN-Redes Energeticas Nacionais Sgps Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.42	2.47	2.52	2.76	3.28

REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) 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.

REN-Redes Energeticas Nacionais Sgps Long-Term Capital Lease Obligation Related Terms

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REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » REN-Redes Energeticas Nacionais Sgps SA (XLIS:RENE) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

0KBT:UK RN4:Germany

Address

Avenida Estados Unidos da America, 55, Lisbon, PRT, 1749-061

Website

http://www.ren.pt

REN-Redes Energeticas Nacionais Sgps SA is an energy and utilities company designed for the transmission and distributing electricity and natural gas. The company offers services that manage national energy transmission and distribution systems that include the national electric transmission grid (RNT), the national natural gas transportation grid (RNTGN) and the portgás distribution grid, enabling the creation of an Iberian electricity market that will develop the hydrogen corridor in Europe, together with other European TSOs (Enagas, GRTgaz, Terega and OGE).