Oil States International (FRA:OI2) Long-Term Capital Lease Obligation : €19.5 Mil (As of Mar. 2024)

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What is Oil States International Long-Term Capital Lease Obligation?

Oil States International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €19.5 Mil.

Oil States International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€17.6 Mil) to Dec. 2023 (€16.8 Mil) but then increased from Dec. 2023 (€16.8 Mil) to Mar. 2024 (€19.5 Mil).

Oil States International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€20.8 Mil) to Dec. 2022 (€19.5 Mil) and declined from Dec. 2022 (€19.5 Mil) to Dec. 2023 (€16.8 Mil).

Oil States International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oil States International'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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Oil States International Long-Term Capital Lease Obligation Chart

Oil States International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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32.20

23.97

20.76

19.50

16.82

Oil States International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															19.53	18.49	17.59	16.82	19.46

Oil States International (FRA:OI2) 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.

Oil States International Long-Term Capital Lease Obligation Related Terms

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Oil States International (FRA:OI2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil States International Inc (FRA:OI2) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

OIS:USA OI2:Germany

Address

Three Allen Center, 333 Clay Street, Suite 4620, Houston, TX, USA, 77002

Website

https://www.oilstatesintl.com

Oil States International Inc is a provider of manufactured products and services to the energy, industrial and military sectors. Manufactured products include engineered capital equipment as well as products consumed in the drilling, well construction and production of oil and natural gas. The company sells its products and services to national oil and natural gas companies, oil and natural gas companies, onshore and offshore drilling companies and other oilfield services, defense and industrial companies. The company operates through three business segments, Offshore/Manufactured Products, Well Site Services and Downhole Technologies.

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