Equinor ASA (FRA:DNQA) Long-Term Capital Lease Obligation : €2,101 Mil (As of Dec. 2023)

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What is Equinor ASA Long-Term Capital Lease Obligation?

Equinor ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,101 Mil.

Equinor ASA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€2,106 Mil) to Sep. 2023 (€2,139 Mil) but then declined from Sep. 2023 (€2,139 Mil) to Dec. 2023 (€2,101 Mil).

Equinor ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2,167 Mil) to Dec. 2022 (€2,274 Mil) but then declined from Dec. 2022 (€2,274 Mil) to Dec. 2023 (€2,101 Mil).

Equinor ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Equinor ASA'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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Equinor ASA Long-Term Capital Lease Obligation Chart

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,871.90

2,646.84

2,167.37

2,274.10

2,100.85

Equinor ASA 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															2,274.10	2,296.71	2,106.29	2,139.17	2,100.85

Equinor ASA (FRA:DNQA) 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.

Equinor ASA Long-Term Capital Lease Obligation Related Terms

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Equinor ASA (FRA:DNQA) Business Description

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Comparable Companies

Traded in Other Exchanges

STOHF:USA EQNR:USA EQNR:Sweden EQNR:Norway EQNR:Mexico EQNRo:UK 0M2Z:UK DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.

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