EDP - Energias de Portugal (LTS:0OF7) Long-Term Capital Lease Obligation : €1,177 Mil (As of Mar. 2024)

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What is EDP - Energias de Portugal Long-Term Capital Lease Obligation?

EDP - Energias de Portugal's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,177 Mil.

EDP - Energias de Portugal's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,276 Mil) to Dec. 2023 (€1,176 Mil) but then increased from Dec. 2023 (€1,176 Mil) to Mar. 2024 (€1,177 Mil).

EDP - Energias de Portugal's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€952 Mil) to Dec. 2022 (€1,252 Mil) but then declined from Dec. 2022 (€1,252 Mil) to Dec. 2023 (€1,176 Mil).

EDP - Energias de Portugal Long-Term Capital Lease Obligation Historical Data

The historical data trend for EDP - Energias de Portugal'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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EDP - Energias de Portugal Long-Term Capital Lease Obligation Chart

EDP - Energias de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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762.73

955.04

951.75

1,252.00

1,176.46

EDP - Energias de Portugal 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															1,238.45	1,237.91	1,276.26	1,176.46	1,176.90

EDP - Energias de Portugal (LTS:0OF7) 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.

EDP - Energias de Portugal Long-Term Capital Lease Obligation Related Terms

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EDP - Energias de Portugal (LTS:0OF7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » EDP - Energias de Portugal SA (LTS:0OF7) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ELCPF:USA EDPFY:USA EDP:Portugal EDPu:UK EDP:Germany

Address

Avendia 24 de Julho, No. 12, 4th Floor, Lisboa, PRT, 1249-300

Website

https://www.edp.com

EDP is a vertically integrated utility company and is the largest generator, supplier, and distributor of electricity in Portugal. In addition to Portugal, EDP has sizable operations in Spain, Brazil, and the U.S. EDP owns 71% of EDP Renovaveis, the fourth-largest wind power owner/operator in the world. EDP also owns 54% of Energias do Brasil that it aims to delist by end-2023.

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