Rompetrol Rafinare S.A. (BSE:RRC) Long-Term Capital Lease Obligation : lei1,136 Mil (As of Sep. 2023)

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What is Rompetrol Rafinare S.A. Long-Term Capital Lease Obligation?

Rompetrol Rafinare S.A.'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was lei1,136 Mil.

Rompetrol Rafinare S.A.'s quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (lei559 Mil) to Jun. 2023 (lei1,045 Mil) and increased from Jun. 2023 (lei1,045 Mil) to Sep. 2023 (lei1,136 Mil).

Rompetrol Rafinare S.A.'s annual Long-Term Capital Lease Obligation increased from Dec. 2020 (lei380 Mil) to Dec. 2021 (lei502 Mil) and increased from Dec. 2021 (lei502 Mil) to Dec. 2022 (lei558 Mil).

Rompetrol Rafinare S.A. Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rompetrol Rafinare S.A.'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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Rompetrol Rafinare S.A. Long-Term Capital Lease Obligation Chart

Rompetrol Rafinare S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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288.05

379.52

502.07

557.95

Rompetrol Rafinare S.A. Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															508.16	557.95	559.44	1,045.23	1,136.12

Rompetrol Rafinare S.A. (BSE:RRC) 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.

Rompetrol Rafinare S.A. Long-Term Capital Lease Obligation Related Terms

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Rompetrol Rafinare S.A. (BSE:RRC) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rompetrol Rafinare S.A. (BSE:RRC) » Definitions » Long-Term Capital Lease Obligation

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Address

Navodari Boulevard, no. 215, Administrative Building, Navodari, Constanta, ROU, 905700

Website

http://www.rompetrol-rafinare.ro

Rompetrol Rafinare S.A. is engaged in the Refining and marketing of petrochemical products. It operates Petromidia refinery in the Black Sea coast and Vega refinery in Ploiesti city and engaged in the manufacturing and trading of Petrochemical Products and Refining products. The company's segments include Refining, Petrochemicals, and Marketing. The company products include Polypropylene, High-Density Polyethylene, Low-Density Polyethylene, Aviation fuels, Car fuels, Bitumen, and others. The company has all of its operations in Romania and also exports internationally. The majority of the revenue is generated from Romania.