MGE Energy (FRA:MG1) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)

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What is MGE Energy Long-Term Capital Lease Obligation?

MGE Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.

MGE Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€16.8 Mil) to Dec. 2023 (€16.5 Mil) and declined from Dec. 2023 (€16.5 Mil) to Mar. 2024 (€0.0 Mil).

MGE Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€15.3 Mil) to Dec. 2022 (€16.2 Mil) and increased from Dec. 2022 (€16.2 Mil) to Dec. 2023 (€16.5 Mil).

MGE Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for MGE Energy'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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MGE Energy Long-Term Capital Lease Obligation Chart

MGE Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.64

14.41

15.33

16.15

16.54

MGE Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.15	16.49	16.80	16.54	-

MGE Energy (FRA:MG1) 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.

MGE Energy Long-Term Capital Lease Obligation Related Terms

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MGE Energy (FRA:MG1) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » MGE Energy Inc (FRA:MG1) » Definitions » Long-Term Capital Lease Obligation

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PNM POR HE IDA GNE VIA SUME OGE PNW EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

MGEE:USA

Address

133 South Blair Street, Madison, WI, USA, 53788

Website

https://www.mgeenergy.com

MGE Energy Inc is a U.S. public utilities holding company based in Wisconsin. The firm generates, purchases, and distributes electricity and natural gas, and also provides transmission services, the company generates electricity from coal and purchased power, but also from natural gas, fuel oil, and renewable sources. MGE operates through five segments, which include Regulated electric utility operations, Regulated gas utility operations, Non-regulated energy operations, Transmission investments, and All other segment which includes investing in companies and property and financing the regulated operations. The majority of electric retail revenue is derived from commercial consumers whereas the majority of natural gas revenue is derived from residential consumers.

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