Frontline (OSTO:FROO) Long-Term Capital Lease Obligation

: kr18 Mil (As of Sep. 2023)

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Frontline's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr18 Mil.

Frontline's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (kr23 Mil) to Jun. 2023 (kr21 Mil) and declined from Jun. 2023 (kr21 Mil) to Sep. 2023 (kr18 Mil).

Frontline's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (kr458 Mil) to Dec. 2021 (kr395 Mil) and declined from Dec. 2021 (kr395 Mil) to Dec. 2022 (kr23 Mil).

Frontline Long-Term Capital Lease Obligation Historical Data

The historical data trend for Frontline'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.

Frontline Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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758.51

758.09

458.38

394.98

23.44

Frontline Quarterly Data
	Dec18	Mar19	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															27.04	23.44	22.54	20.60	17.96

Frontline (OSTO:FROo) 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.

Frontline Long-Term Capital Lease Obligation Related Terms

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Frontline (OSTO:FROO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (OSTO:FROo) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106

Website

https://www.frontlineplc.cy

Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

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