EnQuest (EnQuest) Long-Term Capital Lease Obligation : $289 Mil (As of Dec. 2023)

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What is EnQuest Long-Term Capital Lease Obligation?

EnQuest's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $289 Mil.

EnQuest's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($363 Mil) to Jun. 2023 ($325 Mil) and declined from Jun. 2023 ($325 Mil) to Dec. 2023 ($289 Mil).

EnQuest's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($443 Mil) to Dec. 2022 ($363 Mil) and declined from Dec. 2022 ($363 Mil) to Dec. 2023 ($289 Mil).

EnQuest Long-Term Capital Lease Obligation Historical Data

The historical data trend for EnQuest'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.

EnQuest Long-Term Capital Lease Obligation Chart

EnQuest Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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614.82

548.41

442.50

362.97

288.89

EnQuest Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															442.50	403.17	362.97	324.79	288.89

EnQuest (OTCPK:ENQUF) 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.

EnQuest Long-Term Capital Lease Obligation Related Terms

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EnQuest (EnQuest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnQuest PLC (OTCPK:ENQUF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ENQl:UK ENQ:UK 3EQ:Germany

Address

5-11 Regent Street, 2 nd Floor, Charles House, London, GBR, SW1Y 4LR

Website

https://www.enquest.com

EnQuest PLC is a UK independent producer of oil and gas. The principal activities of the company and its subsidiaries are the exploration for, and extraction and production of, hydrocarbons in the UK Continental Shelf and Malaysia. It focuses on maturing assets and undeveloped oil fields. Its geographical segments include the North Sea and Malaysia. The company generates maximum revenue from the North Sea.

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