ONEOK (OKE) Long-Term Capital Lease Obligation : $74 Mil (As of Dec. 2023)

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What is ONEOK Long-Term Capital Lease Obligation?

ONEOK's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $74 Mil.

ONEOK's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($63 Mil) to Sep. 2023 ($77 Mil) but then declined from Sep. 2023 ($77 Mil) to Dec. 2023 ($74 Mil).

ONEOK's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($76 Mil) to Dec. 2022 ($68 Mil) but then increased from Dec. 2022 ($68 Mil) to Dec. 2023 ($74 Mil).

ONEOK Long-Term Capital Lease Obligation Historical Data

The historical data trend for ONEOK'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.

* Premium members only.

ONEOK Long-Term Capital Lease Obligation Chart

ONEOK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.51

87.61

75.64

68.00

74.00

ONEOK 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															68.00	66.00	63.00	77.00	74.00

ONEOK (NYSE:OKE) 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.

ONEOK Long-Term Capital Lease Obligation Related Terms

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ONEOK (OKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ONEOK Inc (NYSE:OKE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

100 West Fifth Street, Tulsa, OK, USA, 74103

Website

https://www.oneok.com

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

Executives

Eduardo A Rodriguez	director	100 WEST FIFTH STREET, TULSA OK 74103
Lyndon C Taylor	officer: See Remarks	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
James R Hoskin	officer: See Remarks	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Wayne Thomas Smith	director	1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Lori Gobillot	director	5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Janet L. Hogan	officer: Senior Vice President HR	2307 OREGON STREET, OSHKOSH WI 54902
Pierce Norton	director, officer: President & CEO	100 W. 5TH STREET, TULSA OK 74103
Brian L Derksen	director	100 W. 5TH ST., TULSA OK 74103
Scott D Schingen	officer: Senior VP Operations	100 WEST 5TH STREET, TULSA OK 74103
Mark W Helderman	director	100 W. 5TH ST., TULSA OK 74102
Mary M Spears	officer: VP & CHIEF ACCOUNTING OFFICER	100 W. 5TH ST., TULSA OK 74103
Gary David Parker	director	100 W. 5TH ST., TULSA OK 74103
Terry K Spencer	officer: OKS - COO	100 W. 5TH ST., TULSA OK 74103
John William Gibson	director, officer: CEO	100 WEST FIFTH STREET, TULSA OK 74103
Hulse Walter S Iii	officer: EVP STRATEGIC PLNG & CORP DEV	100 W. 5TH ST., TULSA OK 74103