Tsakos Energy Navigation (Tsakos Energy Navigation) Long-Term Capital Lease Obligation

: $0.0 Mil (As of Sep. 2023)

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Tsakos Energy Navigation's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil.

Tsakos Energy Navigation's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.0 Mil) to Jun. 2023 ($28.0 Mil) but then declined from Jun. 2023 ($28.0 Mil) to Sep. 2023 ($0.0 Mil).

Tsakos Energy Navigation's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($46.1 Mil) to Dec. 2021 ($62.0 Mil) but then declined from Dec. 2021 ($62.0 Mil) to Dec. 2022 ($39.1 Mil).

Tsakos Energy Navigation Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tsakos Energy Navigation'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => - [6] => 13.89 [7] => 46.13 [8] => 62.02 [9] => 39.13 )

Tsakos Energy Navigation Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

13.89

46.13

62.02

39.13

Tsakos Energy Navigation Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation																-	39.13	-	28.01	-

Tsakos Energy Navigation (NYSE:TNP) 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.

Tsakos Energy Navigation Long-Term Capital Lease Obligation Related Terms

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Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.