Petro Welt Technologies AG (FRA:O2C) Long-Term Capital Lease Obligation : €0.06 Mil (As of Jun. 2023)

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What is Petro Welt Technologies AG Long-Term Capital Lease Obligation?

Petro Welt Technologies AG's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.06 Mil.

Petro Welt Technologies AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€0.12 Mil) to Mar. 2023 (€0.00 Mil) but then increased from Mar. 2023 (€0.00 Mil) to Jun. 2023 (€0.06 Mil).

Petro Welt Technologies AG's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€0.55 Mil) to Dec. 2021 (€0.64 Mil) but then declined from Dec. 2021 (€0.64 Mil) to Dec. 2022 (€0.12 Mil).

Petro Welt Technologies AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Petro Welt Technologies AG'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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Petro Welt Technologies AG Long-Term Capital Lease Obligation Chart

Petro Welt Technologies AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.22

0.55

0.64

0.12

Petro Welt Technologies AG Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.46	0.12	-	0.06

Petro Welt Technologies AG (FRA:O2C) 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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Petro Welt Technologies AG (FRA:O2C) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Welt Technologies AG (FRA:O2C) » Definitions » Long-Term Capital Lease Obligation

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Address

Karntner Ring 11-13, Vienna, AUT, 1010

Website

https://www.pewete.com

Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

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