DOF ASA (LTS:0HMM) Long-Term Capital Lease Obligation : kr429 Mil (As of Jun. 2023)

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What is DOF ASA Long-Term Capital Lease Obligation?

DOF ASA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr429 Mil.

DOF ASA's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (kr274 Mil) to Mar. 2023 (kr510 Mil) but then declined from Mar. 2023 (kr510 Mil) to Jun. 2023 (kr429 Mil).

DOF ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (kr301 Mil) to Dec. 2021 (kr217 Mil) but then increased from Dec. 2021 (kr217 Mil) to Dec. 2022 (kr274 Mil).

DOF ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for DOF ASA'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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DOF ASA Long-Term Capital Lease Obligation Chart

DOF ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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370.00

301.00

217.00

274.00

DOF ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															284.00	266.00	274.00	510.00	429.00

DOF ASA (LTS:0HMM) 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.

DOF ASA Long-Term Capital Lease Obligation Related Terms

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DOF ASA (LTS:0HMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DOF ASA (LTS:0HMM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Alfabygget, Storebo, Austevoll, NOR, 5392

Website

https://www.dof.com

DOF ASA is active in the oil and gas markets. The company consists of team of skilled professionals who, combined with a fleet of state-of-the-art, purpose-built vessels, provide services to the Oil and Gas industry across the entire offshore life cycle. Its core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention, and diving operations. It operates in three segments: Platform Supply Vessels (PSV), Anchor Handling Tug Supply vessels (AHTS), and Subsea (Subsea vessel and subsea engineering). The Subsea segment derives the majority of its revenue. Its geographical segments are Brazil, the United Kingdom, Norway, Australia, Canada, Singapore, the United States, the Philippines, Argentina, Angola, and others.

DOF ASA (LTS:0HMM) Headlines

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