Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) Long-Term Capital Lease Obligation : د.إ1,564 Mil (As of Dec. 2023)

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What is Abu Dhabi National Oil Co For Distribution PJSC Long-Term Capital Lease Obligation?

Abu Dhabi National Oil Co For Distribution PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ1,564 Mil.

Abu Dhabi National Oil Co For Distribution PJSC's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (د.إ1,564 Mil) to Sep. 2023 (د.إ1,566 Mil) but then declined from Sep. 2023 (د.إ1,566 Mil) to Dec. 2023 (د.إ1,564 Mil).

Abu Dhabi National Oil Co For Distribution PJSC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (د.إ787 Mil) to Dec. 2022 (د.إ1,185 Mil) and increased from Dec. 2022 (د.إ1,185 Mil) to Dec. 2023 (د.إ1,564 Mil).

Abu Dhabi National Oil Co For Distribution PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Abu Dhabi National Oil Co For Distribution PJSC'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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Abu Dhabi National Oil Co For Distribution PJSC Long-Term Capital Lease Obligation Chart

Abu Dhabi National Oil Co For Distribution PJSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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149.20

447.06

787.38

1,184.54

1,564.25

Abu Dhabi National Oil Co For Distribution PJSC 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															1,184.54	1,562.62	1,564.03	1,565.60	1,564.25

Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) 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.

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Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Sheikh Zayed Bin Sultan Street, P.O. Box 4188, Next to National Drilling Company and UNB Building, Abu Dhabi, ARE

Website

https://www.adnocdistribution.ae

Abu Dhabi National Oil Co For Distribution PJSC is an operator of retail fuel service stations in the United Arab Emirates. The company segments include Commercial (B2B) and Retail (B2C). It generates maximum revenue from the Retail (B2C) segment. Retail (B2C) segment which involves the sale of gasoline and petroleum products, convenience store sales, car wash and other car care services, oil change services, vehicle inspection services and property leasing and management through the retail sites.

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