Saipem SpA (CHIX:SPMM) Long-Term Capital Lease Obligation : €478 Mil (As of Dec. 2024)

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What is Saipem SpA Long-Term Capital Lease Obligation?

Saipem SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was €478 Mil.

Saipem SpA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2024 (€439 Mil) to Sep. 2024 (€633 Mil) but then declined from Sep. 2024 (€633 Mil) to Dec. 2024 (€478 Mil).

Saipem SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (€264 Mil) to Dec. 2023 (€431 Mil) and increased from Dec. 2023 (€431 Mil) to Dec. 2024 (€478 Mil).

Saipem SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saipem SpA'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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Saipem SpA Long-Term Capital Lease Obligation Chart

Saipem SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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270.00

247.00

264.00

431.00

478.00

Saipem SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	439.00	633.00	478.00	852.00

Saipem SpA (CHIX:SPMm) 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.

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Saipem SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (CHIX:SPMm) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SAPMY:USA SAPMF:USA SPM:Italy 0RPI:UK SPE:Germany SPE:Germany SPEA:Germany SPEA:Germany SPM2:Austria

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem SpA specializes in engineering and construction services for the oil and gas industries. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. Key revenue is generated from Asset Based Services, which includes the Offshore Engineering & Construction and Offshore Wind activities. Energy Carriers segment includes the Onshore Engineering & Construction, Sustainable Infrastructures, and Robotics & Industrialized Solutions activities. Its revenue by geographical segment include Italy, Rest of Europe, CSI, Rest of Asia, etc.

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