Golar LNG (Golar LNG) Long-Term Capital Lease Obligation

: $5.9 Mil (As of Dec. 2023)

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Golar LNG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.9 Mil.

Golar LNG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($6.6 Mil) to Sep. 2023 ($6.1 Mil) and declined from Sep. 2023 ($6.1 Mil) to Dec. 2023 ($5.9 Mil).

Golar LNG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($7.1 Mil) to Dec. 2022 ($3.6 Mil) but then increased from Dec. 2022 ($3.6 Mil) to Dec. 2023 ($5.9 Mil).

Golar LNG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Golar LNG'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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Golar LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

6.48

10.63

7.14

3.59

5.88

Golar LNG 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																3.59	6.83	6.61	6.08	5.88

Golar LNG (NAS:GLNG) 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.

Golar LNG Long-Term Capital Lease Obligation Related Terms

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Golar LNG (Golar LNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (NAS:GLNG) » Definitions » Long-Term Capital Lease Obligation

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INSW KNTK HESM NS TNK DHT VNOM LPG GLP PAGP TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

GLNG:Mexico G2O:Germany G20:Germany G2O:Germany

Address

9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlng.com

Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.