Flex LNG (OSL:FLNG) Long-Term Capital Lease Obligation : kr8,730 Mil (As of Sep. 2024)

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What is Flex LNG Long-Term Capital Lease Obligation?

Flex LNG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr8,730 Mil.

Flex LNG's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (kr8,995 Mil) to Jun. 2024 (kr8,861 Mil) and declined from Jun. 2024 (kr8,861 Mil) to Sep. 2024 (kr8,730 Mil).

Flex LNG's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (kr0 Mil) to Dec. 2022 (kr0 Mil) but then increased from Dec. 2022 (kr0 Mil) to Dec. 2023 (kr9,075 Mil).

Flex LNG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Flex LNG'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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Flex LNG Long-Term Capital Lease Obligation Chart

Flex LNG Annual Data

Trend

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Dec23

Long-Term Capital Lease Obligation

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9,074.76

Flex LNG 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															-	9,074.76	8,995.27	8,860.53	8,729.96

Flex LNG (OSL:FLNG) 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.

Flex LNG Long-Term Capital Lease Obligation Related Terms

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Flex LNG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (OSL:FLNG) » Definitions » Long-Term Capital Lease Obligation

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Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08

Website

https://www.flexlng.com

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.