SBM Offshore NV (HAM:IHCB) Long-Term Capital Lease Obligation: €84 Mil (As of Dec. 2025)


HAM:IHCB SBM Offshore NV HAM:IHCB
73 GF Score
Price €32.94
GF Value €20.82
Valuation Significantly Overvalued
! 2 Warning Signs
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What is SBM Offshore NV Long-Term Capital Lease Obligation?

SBM Offshore NV HAM:IHCB +1.04% 73 Long-Term Capital Lease Obligation is €84 Mil as of Dec. 2025. GuruFocus rates HAM:IHCB with a GF Score™ of 73/100 and a GF Value™ of €20.82 (Significantly Overvalued). The stock has 2 warning signs investors should review.

SBM Offshore NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2025 was €84 Mil.

SBM Offshore NV's quarterly Long-Term Capital Lease Obligation declined from Dec. 2024 (€78 Mil) to Jun. 2025 (€75 Mil) but then increased from Jun. 2025 (€75 Mil) to Dec. 2025 (€84 Mil).

SBM Offshore NV's annual Long-Term Capital Lease Obligation increased from Dec. 2023 (€68 Mil) to Dec. 2024 (€78 Mil) and increased from Dec. 2024 (€78 Mil) to Dec. 2025 (€84 Mil).

SBM Offshore NV  (HAM:IHCB) 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.

SBM Offshore NV Long-Term Capital Lease Obligation Related Terms

SBM Offshore NV Long-Term Capital Lease Obligation Historical Data

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The historical data trend for SBM Offshore NV'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.

SBM Offshore NV Long-Term Capital Lease Obligation Chart

SBM Offshore NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.75 31.15 67.86 78.31 83.69

SBM Offshore NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 67.86 66.89 78.31 75.43 83.69
HAM:IHCB
73GF Score
SBM Offshore NV HAM:IHCB
Long-Term Capital Lease Obligation is just one metric. See GF Score™, valuation, warning signs, and more.
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What does a Long-Term Capital Lease Obligation of €84 Mil mean?
SBM Offshore NV (HAM:IHCB) has a Long-Term Capital Lease Obligation of €84 Mil as of Dec. 2025. Capital leases are leases where a finance company is typically the legal owner of the asset during the lease term. View historical data on SBM Offshore NV and its competitors.
Is SBM Offshore NV's Long-Term Capital Lease Obligation too high?
SBM Offshore NV's current Long-Term Capital Lease Obligation is €84 Mil. Overall, SBM Offshore NV has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBM Offshore NV's Long-Term Capital Lease Obligation compare to SLB and BKR?
SBM Offshore NV's Long-Term Capital Lease Obligation of €84 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Long-Term Capital Lease Obligation for an Oil & Gas company?
A good Long-Term Capital Lease Obligation depends on the Oil & Gas industry context. However, Long-Term Capital Lease Obligation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Long-Term Capital Lease Obligation mean?
A high Long-Term Capital Lease Obligation can signal that a stock is expensive relative to its fundamentals. Capital leases are leases where a finance company is typically the legal owner of the asset during the lease term. View historical data on SBM Offshore NV and its competitors. SBM Offshore NV's current Long-Term Capital Lease Obligation is €84 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBM Offshore NV stock overvalued right now?
Based on GuruFocus' analysis, SBM Offshore NV (HAM:IHCB) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.82, compared to a current price of €32.94 — trading 58.2% above its estimated fair value. The current Long-Term Capital Lease Obligation is €84 Mil. SBM Offshore NV's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Long-Term Capital Lease Obligation calculated?
Long-Term Capital Lease Obligation is calculated from a company's financial statements. For SBM Offshore NV (HAM:IHCB), the current Long-Term Capital Lease Obligation is €84 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SBM Offshore NV (HAM:IHCB) Overvalued in 2026?

Based on GuruFocus' analysis, SBM Offshore NV stock appears to be overvalued. The current stock price of €32.94 is trading 58.2% above its estimated GF Value™ of €20.82. GuruFocus considers SBM Offshore NV to be Significantly Overvalued.

Key valuation signals for HAM:IHCB:

  • Long-Term Capital Lease Obligation: €84 Mil
  • GF Value™: €20.82 vs. price of €32.94 (58.2% above fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the HAM:IHCB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SBM Offshore NV Business Description

Industry EnergyOil & Gas
Address Evert van de Beekstraat 1-77, Schiphol, Amsterdam, NH, NLD, 1118 CL
SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy, and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and the turnkey segment includes revenues from Turnkey supply contracts and after-sales services.
73GF Score

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Long-Term Capital Lease Obligation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€32.94
Price
€20.82
GF Value