National Energy Services Reunited (National Energy Services Reunited) Long-Term Capital Lease Obligation : $25.05 Mil (As of Dec. 2022)

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What is National Energy Services Reunited Long-Term Capital Lease Obligation?

National Energy Services Reunited's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $25.05 Mil.

National Energy Services Reunited's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2021 ($0.00 Mil) to Dec. 2021 ($0.00 Mil) but then increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($25.05 Mil).

National Energy Services Reunited's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($25.05 Mil) and increased from Dec. 2022 ($25.05 Mil) to Dec. 2023 ($25.15 Mil).

National Energy Services Reunited Long-Term Capital Lease Obligation Historical Data

The historical data trend for National Energy Services Reunited'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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National Energy Services Reunited Long-Term Capital Lease Obligation Chart

National Energy Services Reunited Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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25.05

25.15

National Energy Services Reunited Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	25.05	25.15

National Energy Services Reunited (OTCPK:NESRW) 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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National Energy Services Reunited (National Energy Services Reunited) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Energy Services Reunited Corp (OTCPK:NESRW) » Definitions » Long-Term Capital Lease Obligation

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NESR:USA

Address

777 Post Oak Boulevard, Suite 730, Houston, TX, USA, 77056

Website

https://www.nesr.com

National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are majorly derived from production services of an oil or natural gas well.