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Akastor ASA (Akastor ASA) Long-Term Capital Lease Obligation : $0.19 Mil (As of Mar. 2024)


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What is Akastor ASA Long-Term Capital Lease Obligation?

Akastor ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.19 Mil.

Akastor ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.47 Mil) to Dec. 2023 ($0.19 Mil) and declined from Dec. 2023 ($0.19 Mil) to Mar. 2024 ($0.19 Mil).

Akastor ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($8.02 Mil) to Dec. 2022 ($3.75 Mil) and declined from Dec. 2022 ($3.75 Mil) to Dec. 2023 ($0.19 Mil).


Akastor ASA Long-Term Capital Lease Obligation Historical Data

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

Akastor ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.18 49.73 8.02 3.75 0.19

Akastor ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 1.30 0.47 0.19 0.19

Akastor ASA  (OTCPK:AKKVF) 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.

Akastor ASA Long-Term Capital Lease Obligation Related Terms

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Akastor ASA (Akastor ASA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Akastor ASA (OTCPK:AKKVF) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
Address
Oksenoyveien 10, Building B, Lysaker, NOR, 1366
Akastor ASA is an oil-services investment company with a portfolio of industrial holdings, real estate, and other investments. Its portfolio includes drilling systems and lifecycle services supplier MHWirth, and vessel-based subsea well construction services. The company has a flexible mandate for active ownership and long-term value creation. Geographically the business presence of the group is seen across the region of Norway, Singapore, North America, South America, Australia, the Middle East, and other regions.

Akastor ASA (Akastor ASA) Headlines