Rowan (RDC) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2018)

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What is Rowan Long-Term Capital Lease Obligation?

Rowan's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2018 was $0.0 Mil.

Rowan Long-Term Capital Lease Obligation Historical Data

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

Rowan Annual Data

Trend

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Long-Term Capital Lease Obligation

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Rowan Quarterly Data
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Rowan (NYSE:RDC) 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.

Rowan Long-Term Capital Lease Obligation Related Terms

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Rowan (RDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rowan Companies PLC (NYSE:RDC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2800 Post Oak Boulevard, Suite 5450, Houston, TX, USA, 77056-6189

Website

http://www.rowancompanies.com

Rowan Companies has been drilling for oil and gas for 90 years, serving oil and gas companies globally. In 2011 and 2012, the firm entered the deep-water market with four new rig orders. Rowan now operates 29 offshore drilling units, which includes 25 jackup drilling units, and four ultra-deepwater drillships.

Executives

Charles L Szews	director	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Stephen M Butz	officer: EVP & CFO	C/O HERCULES OFFSHORE, INC., 9 GREENWAY PLAZA, SUITE 2200, HOUSTON TX 77046
Alan Quintero	officer: SVP - Business Development	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Thomas Peter Burke	director, officer: President & CEO	2800 POST OAK BLVD, HOUSTON TX 77056
Thomas R Hix	director	C/O COOPER CAMERON, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Suzanne P Nimocks	director	2800 POST OAK BLVD, SUITE 5450, HOUSTON TX 77056
Dennis S Baldwin	officer: Chief Accounting Officer	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
John J Quicke	director	C/O SEQUA CORP, 200 PARK AVENUE, 44TH FL, NEW YORK NY 10166
Tore I Sandvold	director	C/O SCHLUMBERGER LIMITED, 5999 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
William E Albrecht	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
Jack B Moore	director	5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Thierry Pilenko	director	10300 TOWN PARK DRIVE, HOUSTON TX 77072
P Dexter Peacock	director	PO BOX 4544, PO BOX 4544, HOUSTON TX 77210-4544
Melanie Montague Trent	officer: EVP, General Counsel & CAO	2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056
W Matt Ralls	director, officer: Executive Chairman	ROWAN COMPANIES, HOUSTON TX 77002