Tetra Technologies (Tetra Technologies) Long-Term Capital Lease Obligation : $27.5 Mil (As of Dec. 2023)

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What is Tetra Technologies Long-Term Capital Lease Obligation?

Tetra Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27.5 Mil.

Tetra Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($31.1 Mil) to Sep. 2023 ($28.0 Mil) and declined from Sep. 2023 ($28.0 Mil) to Dec. 2023 ($27.5 Mil).

Tetra Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($31.4 Mil) to Dec. 2022 ($28.1 Mil) and declined from Dec. 2022 ($28.1 Mil) to Dec. 2023 ($27.5 Mil).

Tetra Technologies Long-Term Capital Lease Obligation Historical Data

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

Tetra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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40.10

37.57

31.43

28.11

27.54

Tetra Technologies 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															28.11	27.72	31.14	28.01	27.54

Tetra Technologies (NYSE:TTI) 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.

Tetra Technologies Long-Term Capital Lease Obligation Related Terms

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Tetra Technologies (Tetra Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tetra Technologies Inc (NYSE:TTI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TGI:Germany TGI:Germany

Address

24955 Interstate 45 North, The Woodlands, TX, USA, 77380

Website

https://www.tetratec.com

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services.

Executives

Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Christian A Garcia	director	3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
Roy Mcniven	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Matthew Sanderson	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Timothy C Moeller	officer: VP & Chief Procurement Officer	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Brady M Murphy	officer: President & COO	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Elijio V Serrano	officer: Sr. Vice President & CFO	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
William D Sullivan	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Mcgee Sharon D. Booth	director	24955 I-45 NORTH, THE WOODLANDS TX 77380
Richard D O'brien	officer: VP-Finance & Global Controller	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Boston Shoemake Alicia R	officer: General Counsel	24955 I-45 NORTH, THE WOODLANDS TX 77380
Shawn D. Williams	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Gina Luna	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Wallace Bass C Jr	officer: General Counsel & Secretary	24955 INTERSTATE 45 N, THE WOODLANDS X1 77380
Mark E Baldwin	director	TETRA TECHNOLOGIES, INC., 24955 I 45 N, THE WOODLANDS TX 77380