Equinor ASA (LTS:0M2Z) Long-Term Capital Lease Obligation : kr23,657 Mil (As of Sep. 2024)

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What is Equinor ASA Long-Term Capital Lease Obligation?

Equinor ASA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr23,657 Mil.

Equinor ASA's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (kr23,495 Mil) to Jun. 2024 (kr25,594 Mil) but then declined from Jun. 2024 (kr25,594 Mil) to Sep. 2024 (kr23,657 Mil).

Equinor ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr21,995 Mil) to Dec. 2022 (kr23,801 Mil) and increased from Dec. 2022 (kr23,801 Mil) to Dec. 2023 (kr24,169 Mil).

Equinor ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Equinor 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.

* Premium members only.

Equinor ASA Long-Term Capital Lease Obligation Chart

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28,795.58

28,036.86

21,994.71

23,801.16

24,168.68

Equinor ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															24,484.49	24,168.68	23,495.19	25,593.73	23,656.53

Equinor ASA (LTS:0M2Z) 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.

Equinor ASA Long-Term Capital Lease Obligation Related Terms

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Equinor ASA Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (LTS:0M2Z) » Definitions » Long-Term Capital Lease Obligation

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Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2023 (53% liquids) and ended 2023 with 5.2 billion barrels of proven reserves (49% liquids). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.

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