Teekay (Teekay) Long-Term Capital Lease Obligation

: $168 Mil (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

Teekay's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $168 Mil.

Teekay's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($243 Mil) to Sep. 2023 ($180 Mil) and declined from Sep. 2023 ($180 Mil) to Dec. 2023 ($168 Mil).

Teekay's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($281 Mil) to Dec. 2022 ($510 Mil) but then declined from Dec. 2022 ($510 Mil) to Dec. 2023 ($168 Mil).

Teekay Long-Term Capital Lease Obligation Historical Data

The historical data trend for Teekay'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.

Teekay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

1,827.78

313.40

280.98

509.99

168.28

Teekay 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															509.99	387.47	242.62	180.16	168.28

Teekay (NYSE:TK) 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.

Teekay Long-Term Capital Lease Obligation Related Terms

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

Teekay (Teekay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Corp (NYSE:TK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

TNP NGL PBT OSG EE SMLP BROG NVGS DLNG MMLP TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TK:Mexico TCD:Germany TCD:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), operational and maintenance marine services, and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.