Ardmore Shipping (Ardmore Shipping) Long-Term Capital Lease Obligation : $42.1 Mil (As of Dec. 2023)

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What is Ardmore Shipping Long-Term Capital Lease Obligation?

Ardmore Shipping's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $42.1 Mil.

Ardmore Shipping's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($43.4 Mil) to Sep. 2023 ($42.7 Mil) and declined from Sep. 2023 ($42.7 Mil) to Dec. 2023 ($42.1 Mil).

Ardmore Shipping's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($206.1 Mil) to Dec. 2022 ($47.6 Mil) and declined from Dec. 2022 ($47.6 Mil) to Dec. 2023 ($42.1 Mil).

Ardmore Shipping Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ardmore Shipping'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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Ardmore Shipping Long-Term Capital Lease Obligation Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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198.89

180.28

206.09

47.61

42.12

Ardmore Shipping 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															47.61	45.48	43.36	42.69	42.12

Ardmore Shipping (NYSE:ASC) 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.

Ardmore Shipping Long-Term Capital Lease Obligation Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.