Weatherford International (FRA:0WE) Long-Term Capital Lease Obligation : €152 Mil (As of Mar. 2024)

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What is Weatherford International Long-Term Capital Lease Obligation?

Weatherford International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €152 Mil.

Weatherford International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€154 Mil) to Dec. 2023 (€153 Mil) and declined from Dec. 2023 (€153 Mil) to Mar. 2024 (€152 Mil).

Weatherford International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€152 Mil) to Dec. 2022 (€149 Mil) but then increased from Dec. 2022 (€149 Mil) to Dec. 2023 (€153 Mil).

Weatherford International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Weatherford International'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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Weatherford International Long-Term Capital Lease Obligation Chart

Weatherford International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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240.30

184.95

152.22

149.15

153.14

Weatherford International 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															158.78	149.53	153.67	153.14	151.80

Weatherford International (FRA:0WE) 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.

Weatherford International Long-Term Capital Lease Obligation Related Terms

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Weatherford International (FRA:0WE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Weatherford International PLC (FRA:0WE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WFRD:USA 0WE:Germany

Address

2000 St. James Place, Houston, TX, USA, 77056

Website

https://www.weatherford.com

Weatherford International provides diversified oilfield services worldwide for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.

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