Saipem SpA (Saipem SpA) Long-Term Capital Lease Obligation

: $371 Mil (As of Jun. 2023)

View and export this data going back to 2008. Start your Free Trial

Saipem SpA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $371 Mil.

Saipem SpA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($212 Mil) to Dec. 2022 ($280 Mil) and increased from Dec. 2022 ($280 Mil) to Jun. 2023 ($371 Mil).

Saipem SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($328 Mil) to Dec. 2021 ($279 Mil) but then increased from Dec. 2021 ($279 Mil) to Dec. 2022 ($280 Mil).

Saipem SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saipem SpA'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.

Saipem SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

530.00

328.47

279.10

279.66

Saipem SpA Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															241.19	212.47	279.66	370.53	-

Saipem SpA (OTCPK:SAPMY) 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.

Saipem SpA Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Saipem SpA's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Saipem SpA (Saipem SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (OTCPK:SAPMY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SAPMF:USA SPM:Italy 0RPI:UK SPEA:Germany SPEA:Germany

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

Saipem SpA (Saipem SpA) Headlines

From GuruFocus

Saipem Rises on New Contracts

By Alberto Abaterusso Alberto Abaterusso • 08-21-2018

Cobas Portfolios 1st Quarter Commentary

By Holly LaFon Holly LaFon • 06-03-2019

Cobas Asset Management Comments on Saipem

By Holly LaFon Holly LaFon • 06-03-2019