Worley (Worley) Long-Term Capital Lease Obligation : $102 Mil (As of Dec. 2023)

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What is Worley Long-Term Capital Lease Obligation?

Worley's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $102 Mil.

Worley's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($106 Mil) to Jun. 2023 ($115 Mil) but then declined from Jun. 2023 ($115 Mil) to Dec. 2023 ($102 Mil).

Worley's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($152 Mil) to Jun. 2022 ($124 Mil) and declined from Jun. 2022 ($124 Mil) to Jun. 2023 ($115 Mil).

Worley Long-Term Capital Lease Obligation Historical Data

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

Worley Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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194.62

152.14

124.39

114.77

Worley Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															121.60	124.39	105.94	114.77	102.41

Worley (OTCPK:WYGPF) 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.

Worley Long-Term Capital Lease Obligation Related Terms

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Worley (Worley) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Worley Ltd (OTCPK:WYGPF) » Definitions » Long-Term Capital Lease Obligation

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WYGPY:USA WOR:Australia

Address

141 Walker Street, Level 17, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.worley.com

Worley is a leading global provider of professional services, such as engineering, procurement, and construction management, to the oil, gas, mining, power, and infrastructure sectors. Purchase of Jacobs ECR in April 2019 reduced revenue contribution from hydrocarbons to just over 50%, from a prior 75%-80% position. Metals and mining contributes 23% and infrastructure and chemicals the balance. Worley has a global presence with about 59,000 staff in more than 50 countries. It has a strong presence in many developing economies, including Africa.