Tidewater Midstream and Infrastructure (TSX:TWM) Long-Term Capital Lease Obligation : C$17 Mil (As of Dec. 2023)

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What is Tidewater Midstream and Infrastructure Long-Term Capital Lease Obligation?

Tidewater Midstream and Infrastructure's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$17 Mil.

Tidewater Midstream and Infrastructure's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$112 Mil) to Sep. 2023 (C$28 Mil) and declined from Sep. 2023 (C$28 Mil) to Dec. 2023 (C$17 Mil).

Tidewater Midstream and Infrastructure's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$158 Mil) to Dec. 2022 (C$134 Mil) and declined from Dec. 2022 (C$134 Mil) to Dec. 2023 (C$17 Mil).

Tidewater Midstream and Infrastructure Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tidewater Midstream and Infrastructure'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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Tidewater Midstream and Infrastructure Long-Term Capital Lease Obligation Chart

Tidewater Midstream and Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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132.69

137.80

158.40

133.60

16.90

Tidewater Midstream and Infrastructure 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															133.60	124.40	112.10	28.40	16.90

Tidewater Midstream and Infrastructure (TSX:TWM) 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.

Tidewater Midstream and Infrastructure Long-Term Capital Lease Obligation Related Terms

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Tidewater Midstream and Infrastructure (TSX:TWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidewater Midstream and Infrastructure Ltd (TSX:TWM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TWMIF:USA TL5:Germany

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities. Its business segments consist of Midstream; Downstream; Marketing and others. The company generates maximum revenue from the Marketing and other.

Tidewater Midstream and Infrastructure (TSX:TWM) Headlines

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