Subsea 7 (Subsea 7) Long-Term Capital Lease Obligation : $291 Mil (As of Dec. 2023)

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What is Subsea 7 Long-Term Capital Lease Obligation?

Subsea 7's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $291 Mil.

Subsea 7's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($297 Mil) to Sep. 2023 ($268 Mil) but then increased from Sep. 2023 ($268 Mil) to Dec. 2023 ($291 Mil).

Subsea 7's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($143 Mil) to Dec. 2022 ($161 Mil) and increased from Dec. 2022 ($161 Mil) to Dec. 2023 ($291 Mil).

Subsea 7 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Subsea 7'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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Subsea 7 Long-Term Capital Lease Obligation Chart

Subsea 7 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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251.20

168.60

142.90

161.20

290.50

Subsea 7 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															161.20	320.60	297.40	268.00	290.50

Subsea 7 (OTCPK:ACGYF) 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.

Subsea 7 Long-Term Capital Lease Obligation Related Terms

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Subsea 7 (Subsea 7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Subsea 7 SA (OTCPK:ACGYF) » Definitions » Long-Term Capital Lease Obligation

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Address

40 Brighton Road, Surrey, Sutton, GBR, SM2 5BN

Website

https://www.subsea7.com

Subsea 7 is one of the largest engineering and construction, or E&C, service providers in the offshore oil and gas industry. It provides a range of services, including subsea umbilicals, risers, and flowlines (SURF), fabrication, installation, maintenance, and heavy lifting, among many others. It's recently begun to develop expertise in renewables, particularly offshore wind farms, which require equipment and expertise similar to offshore oil and gas developments.

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