FTS International (FRA:FT5) Long-Term Capital Lease Obligation : €1.6 Mil (As of Sep. 2021)

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What is FTS International Long-Term Capital Lease Obligation?

FTS International's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was €1.6 Mil.

FTS International's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 (€1.9 Mil) to Jun. 2021 (€1.7 Mil) and declined from Jun. 2021 (€1.7 Mil) to Sep. 2021 (€1.6 Mil).

FTS International's annual Long-Term Capital Lease Obligation increased from Dec. 2018 (€0.0 Mil) to Dec. 2019 (€12.5 Mil) but then declined from Dec. 2019 (€12.5 Mil) to Dec. 2020 (€2.7 Mil).

FTS International Long-Term Capital Lease Obligation Historical Data

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

FTS International Annual Data

Trend

Dec08

Dec09

Dec10

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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12.51

2.71

FTS International Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.23	2.71	1.93	1.74	1.62

FTS International (FRA:FT5) 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.

FTS International Long-Term Capital Lease Obligation Related Terms

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FTS International (FRA:FT5) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FTS International Inc (FRA:FT5) » Definitions » Long-Term Capital Lease Obligation

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Address

777 Main Street, Suite 2900, Fort Worth, TX, USA, 76102

Website

https://www.ftsi.com

FTS International Inc is operates in the energy sector of United States. It caters to the oil and gas industry as one of the largest providers of hydraulic fracturing services in North America. The objective of hydraulic fracturing is to enhance hydrocarbon flow in oil and natural gas wells, thereby increasing the amount of hydrocarbons recovered. The company also has significant maintenance and repair capabilities, and it manufactures replacement parts to support its operations and enhance its asset utilization.

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