ICON (Icon Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2024)

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What is Icon Energy Long-Term Capital Lease Obligation?

Icon Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil.

Icon Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Icon Energy'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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Icon Energy Long-Term Capital Lease Obligation Chart

Icon Energy Annual Data

Trend

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Long-Term Capital Lease Obligation

Icon Energy Quarterly Data
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Icon Energy (NAS:ICON) 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.

Icon Energy Long-Term Capital Lease Obligation Related Terms

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icon Energy Corp (NAS:ICON) » Definitions » Long-Term Capital Lease Obligation

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Address

c/o Pavimar Shipping Co, 17th km National Road, Athens-Lamia & Foinikos Str, Nea Kifissia, Athens, GRC, 14564

Website

https://www.icon-nrg.com

Icon Energy Corp is a growth-oriented shipping company providing seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels. The company generates its revenues by chartering its vessels to regional and international dry bulk operators, commodity traders and end users.