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Diamond Offshore Drilling (Diamond Offshore Drilling) Long-Term Capital Lease Obligation : $113 Mil (As of Dec. 2023)


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What is Diamond Offshore Drilling Long-Term Capital Lease Obligation?

Diamond Offshore Drilling's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $113 Mil.

Diamond Offshore Drilling's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($122 Mil) to Sep. 2023 ($118 Mil) and declined from Sep. 2023 ($118 Mil) to Dec. 2023 ($113 Mil).

Diamond Offshore Drilling's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($148 Mil) to Dec. 2022 ($131 Mil) and declined from Dec. 2022 ($131 Mil) to Dec. 2023 ($113 Mil).


Diamond Offshore Drilling Long-Term Capital Lease Obligation Historical Data

The historical data trend for Diamond Offshore Drilling'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.

* Premium members only.

Diamond Offshore Drilling Long-Term Capital Lease Obligation Chart

Diamond Offshore Drilling Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 148.36 131.39 113.20

Diamond Offshore Drilling Quarterly Data
Dec20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 131.39 126.98 122.50 117.89 113.20

Diamond Offshore Drilling  (NYSE:DO) 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.

Diamond Offshore Drilling Long-Term Capital Lease Obligation Related Terms

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Diamond Offshore Drilling (Diamond Offshore Drilling) Business Description

Industry
Traded in Other Exchanges
Address
15415 Katy Freeway, Houston, TX, USA, 77094
Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.
Executives
Dominic A Savarino officer: VP and Chief Acct/Tax Officer 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrice D Douglas director 1712 CROSSBOW, EDMOND OK 73034
Benjamin Duster director 200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Ane Launy director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrick Carey Lowe director 6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Adam C Peakes director 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Bernie G. Wolford director, officer: President and CEO 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 770904
Neal P Goldman director 10700 PARKRIDGE BLVD., RESTON VA 20191
John Hollowell director ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Raj Iyer director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Peter Mcteague director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Alan H Howard director
Anatol Feygin director 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Scott Lee Kornblau officer: Acting Chief Financial Officer 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Thomas Roth officer: Senior Vice President 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094

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