Golar LNG Partners LP (Golar LNG Partners LP) Long-Term Capital Lease Obligation : $122.03 Mil (As of Dec. 2020)

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What is Golar LNG Partners LP Long-Term Capital Lease Obligation?

Golar LNG Partners LP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was $122.03 Mil.

Golar LNG Partners LP's quarterly Long-Term Capital Lease Obligation increased from Jun. 2020 ($111.86 Mil) to Sep. 2020 ($115.93 Mil) and increased from Sep. 2020 ($115.93 Mil) to Dec. 2020 ($122.03 Mil).

Golar LNG Partners LP's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($118.12 Mil) to Dec. 2019 ($120.79 Mil) and increased from Dec. 2019 ($120.79 Mil) to Dec. 2020 ($122.03 Mil).

Golar LNG Partners LP Long-Term Capital Lease Obligation Historical Data

The historical data trend for Golar LNG Partners LP'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.

Golar LNG Partners LP Long-Term Capital Lease Obligation Chart

Golar LNG Partners LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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116.96

126.81

118.12

120.79

122.03

Golar LNG Partners LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															120.79	112.62	111.86	115.93	122.03

Golar LNG Partners LP (OTCPK:GMLPF.PFD) 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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Golar LNG Partners LP (Golar LNG Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Partners LP (OTCPK:GMLPF.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

9 Par-la-Ville Road, 2nd Floor, South East Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlngpartners.com

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The company has three reportable segments: LNG, FSRUs, and FING (floating liquefied natural gas vessel). It generates maximum revenue from the FSRUs segment. Its geographical segments are Brazil, Jordan, Indonesia, Kuwait, and the United Arab Emirates. The company's operational FSRU projects include Golar Spirit, Golar Igloo, Golar Eskimo, Golar Winter, Golar Freeze, and Nusantara Regas Satu.