Scorpio Tankers (Scorpio Tankers) Long-Term Capital Lease Obligation

: $221 Mil (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

Scorpio Tankers's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $221 Mil.

Scorpio Tankers's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($866 Mil) to Sep. 2023 ($460 Mil) and declined from Sep. 2023 ($460 Mil) to Dec. 2023 ($221 Mil).

Scorpio Tankers's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,983 Mil) to Dec. 2022 ($1,315 Mil) and declined from Dec. 2022 ($1,315 Mil) to Dec. 2023 ($221 Mil).

Scorpio Tankers Long-Term Capital Lease Obligation Historical Data

The historical data trend for Scorpio 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.

* Premium members only.

Scorpio Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1,701.52

1,715.51

1,982.79

1,315.00

221.38

Scorpio 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																1,315.00	1,140.13	865.80	460.13	221.38

Scorpio Tankers (NYSE:STNG) 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.

Scorpio Tankers Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Scorpio Tankers's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Scorpio Tankers (Scorpio Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Scorpio Tankers Inc (NYSE:STNG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

PAGP CEQP HEP GLNG INSW ETRN NS VNOM HESM KNTK TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

S0QA:Germany

Address

Le Millenium 9, Boulevard Charles III, Monaco, MCO, 98000

Website

https://www.scorpiotankers.com

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.