Ocean Wilsons Holdings (LSE:OCN) Long-Term Capital Lease Obligation : £154.4 Mil (As of Dec. 2023)

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What is Ocean Wilsons Holdings Long-Term Capital Lease Obligation?

Ocean Wilsons Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £154.4 Mil.

Ocean Wilsons Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£140.8 Mil) to Jun. 2023 (£150.2 Mil) and increased from Jun. 2023 (£150.2 Mil) to Dec. 2023 (£154.4 Mil).

Ocean Wilsons Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£111.6 Mil) to Dec. 2022 (£140.8 Mil) and increased from Dec. 2022 (£140.8 Mil) to Dec. 2023 (£154.4 Mil).

Ocean Wilsons Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ocean Wilsons Holdings'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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Ocean Wilsons Holdings Long-Term Capital Lease Obligation Chart

Ocean Wilsons Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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131.40

103.94

111.59

140.76

154.45

Ocean Wilsons Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															111.59	141.75	140.76	150.16	154.45

Ocean Wilsons Holdings (LSE:OCN) 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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Ocean Wilsons Holdings (LSE:OCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ocean Wilsons Holdings Ltd (LSE:OCN) » Definitions » Long-Term Capital Lease Obligation

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OCNl:UK

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.oceanwilsons.bm

Ocean Wilsons Holdings Ltd is a Bermuda-based investment holding company, which, through its subsidiaries, operates a maritime services company in Brazil and holds a portfolio of international investments. The company operates in two segments including maritime services and investments. The maritime services segment provides towage, port terminals operation, ship agency, offshore support, logistics, and shipyard services in Brazil, and the investment segment holds a portfolio of focuses on generating returns from its international investments.