DNO ASA (DNO ASA) Long-Term Capital Lease Obligation : $14.0 Mil (As of Dec. 2023)

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What is DNO ASA Long-Term Capital Lease Obligation?

DNO ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.0 Mil.

DNO ASA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($14.2 Mil) to Sep. 2023 ($14.3 Mil) but then declined from Sep. 2023 ($14.3 Mil) to Dec. 2023 ($14.0 Mil).

DNO ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($12.5 Mil) to Dec. 2022 ($6.5 Mil) but then increased from Dec. 2022 ($6.5 Mil) to Dec. 2023 ($14.0 Mil).

DNO ASA Long-Term Capital Lease Obligation Historical Data

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

DNO ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.10

13.90

12.50

6.50

14.00

DNO ASA 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															6.50	-	14.20	14.30	14.00

DNO ASA (OTCPK:DTNOF) 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.

DNO ASA Long-Term Capital Lease Obligation Related Terms

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DNO ASA (DNO ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DNO ASA (OTCPK:DTNOF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

DTNOY:USA DNOo:Sweden DNO:Norway DNOo:UK 0MHP:UK NK1A:Germany

Address

Dokkveien 1, P.O. Box 1345 Vika, Aker Brygge, Oslo, NOR, 0250

Website

https://www.dno.no

DNO ASA is an oil and gas exploration and production company. A group of licenses are held for fields in Kurdistan, Yemen, United Kingdom, and Norway. Producing assets in Kurdistan generate the majority of revenue for the company. Petroleum products from Kurdistan fields are either sold locally or externally, with external shipments constituting the majority. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities.

DNO ASA (DNO ASA) Headlines

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