Societatea Energetica Electrica (BSE:EL) Long-Term Capital Lease Obligation : lei29 Mil (As of Dec. 2023)

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What is Societatea Energetica Electrica Long-Term Capital Lease Obligation?

Societatea Energetica Electrica's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was lei29 Mil.

Societatea Energetica Electrica's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (lei35 Mil) to Sep. 2023 (lei32 Mil) and declined from Sep. 2023 (lei32 Mil) to Dec. 2023 (lei29 Mil).

Societatea Energetica Electrica's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (lei12 Mil) to Dec. 2022 (lei34 Mil) but then declined from Dec. 2022 (lei34 Mil) to Dec. 2023 (lei29 Mil).

Societatea Energetica Electrica Long-Term Capital Lease Obligation Historical Data

The historical data trend for Societatea Energetica Electrica'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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Societatea Energetica Electrica Long-Term Capital Lease Obligation Chart

Societatea Energetica Electrica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.61

16.88

12.10

34.46

29.14

Societatea Energetica Electrica 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															34.46	28.40	34.68	31.59	29.14

Societatea Energetica Electrica (BSE:EL) 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.

Societatea Energetica Electrica Long-Term Capital Lease Obligation Related Terms

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Societatea Energetica Electrica (BSE:EL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Societatea Energetica Electrica SA (BSE:EL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ELSA:UK ECEA:Germany

Address

No. 9, Grigore Alexandrescu Street, 1st District, Bucharest, ROU, 010621

Website

https://www.electrica.ro

Societatea Energetica Electrica SA is a Romanian company, which is engaged in operation and development of electricity distribution networks and activities related to electricity supply to final consumers. It mainly acts as an electricity distribution operator and the main electricity supplier in North Transylvania, South Transylvania, and North Muntenia. The company operates through following segments: Electricity & gas supply, which is engaged in purchasing and supplying electricity and gas to end consumers; Electricity distribution, which provides electricity distribution services; External electricity network services, which offers repairs, maintenance and other services for electricity networks owned by other distributors; Electricity generation segment; and Headquarters.