Seatrium (Seatrium) Long-Term Capital Lease Obligation : $368 Mil (As of Jun. 2023)

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What is Seatrium Long-Term Capital Lease Obligation?

Seatrium's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $368 Mil.

Seatrium's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($182 Mil) to Dec. 2022 ($179 Mil) but then increased from Dec. 2022 ($179 Mil) to Jun. 2023 ($368 Mil).

Seatrium's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($202 Mil) to Dec. 2021 ($189 Mil) and declined from Dec. 2021 ($189 Mil) to Dec. 2022 ($179 Mil).

Seatrium Long-Term Capital Lease Obligation Historical Data

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

Seatrium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.69

187.34

202.24

188.98

179.30

Seatrium Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															197.50	188.98	182.36	179.30	367.63

Seatrium (OTCPK:SMBMY) 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.

Seatrium Long-Term Capital Lease Obligation Related Terms

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Seatrium (Seatrium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Seatrium Ltd (OTCPK:SMBMY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SMBMF:USA S51:Singapore S8N:Germany

Address

80 Tuas South Boulevard, Singapore, SGP, 637051

Website

https://www.seatrium.com

Singapore-based Seatrium (formerly known as Sembcorp Marine) is a leading global marine and offshore engineering group with a track record of about 60 years. The company specializes in ship repair, shipbuilding, ship conversion, rig building, and offshore engineering and construction. The company's global network includes facilities in Singapore, Brazil, China, Indonesia, Japan, the Philippines, Norway, the United Kingdom and the United States. Its Singapore operations include one of the largest integrated yards globally, Sembcorp Marine Tuas Boulevard Yard.