Nordic American Tankers (Nordic American Tankers) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Nordic American Tankers Long-Term Capital Lease Obligation?

Nordic American Tankers's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.

Nordic American Tankers's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.2 Mil) to Sep. 2023 ($0.0 Mil) but then stayed the same from Sep. 2023 ($0.0 Mil) to Dec. 2023 ($0.0 Mil).

Nordic American Tankers's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.1 Mil) to Dec. 2022 ($0.5 Mil) and declined from Dec. 2022 ($0.5 Mil) to Dec. 2023 ($0.0 Mil).

Nordic American Tankers Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nordic American Tankers'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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Nordic American Tankers Long-Term Capital Lease Obligation Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.93

0.73

1.15

0.54

Nordic American Tankers 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															0.54	-	0.23	-	-

Nordic American Tankers (NYSE:NAT) 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.

Nordic American Tankers Long-Term Capital Lease Obligation Related Terms

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Nordic American Tankers (Nordic American Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nordic American Tankers Ltd (NYSE:NAT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

B30:Germany B3O:Germany

Address

26 Victoria Street, Swan Building, Hamilton, BMU, HM 12

Website

https://www.nat.bm

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.