High Arctic Energy Services (TSX:HWO) Long-Term Capital Lease Obligation : C$1.70 Mil (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is High Arctic Energy Services Long-Term Capital Lease Obligation?

High Arctic Energy Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.70 Mil.

High Arctic Energy Services's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$1.14 Mil) to Dec. 2023 (C$1.86 Mil) but then declined from Dec. 2023 (C$1.86 Mil) to Mar. 2024 (C$1.70 Mil).

High Arctic Energy Services's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$7.36 Mil) to Dec. 2022 (C$0.99 Mil) but then increased from Dec. 2022 (C$0.99 Mil) to Dec. 2023 (C$1.86 Mil).

High Arctic Energy Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for High Arctic Energy Services'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.

High Arctic Energy Services Long-Term Capital Lease Obligation Chart

High Arctic Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

9.10

7.78

7.36

0.99

1.86

High Arctic Energy Services 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															0.88	1.23	1.14	1.86	1.70

High Arctic Energy Services (TSX:HWO) 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.

High Arctic Energy Services Long-Term Capital Lease Obligation Related Terms

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

High Arctic Energy Services (TSX:HWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Energy Services Inc (TSX:HWO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HGHAF:USA 6LQ:Germany

Address

330 - 5th Ave SW., Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

https://www.haes.ca

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.

Executives

Douglas John Strong

Director

High Arctic Energy Services (TSX:HWO) Headlines

No Headlines