Shelf Drilling (North Sea) (OSL:SDNS) Long-Term Capital Lease Obligation : kr15 Mil (As of Dec. 2023)

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What is Shelf Drilling (North Sea) Long-Term Capital Lease Obligation?

Shelf Drilling (North Sea)'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr15 Mil.

Shelf Drilling (North Sea)'s quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (kr0 Mil) to Sep. 2023 (kr0 Mil) but then increased from Sep. 2023 (kr0 Mil) to Dec. 2023 (kr15 Mil).

Shelf Drilling (North Sea)'s annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr0 Mil) to Dec. 2022 (kr15 Mil) but then declined from Dec. 2022 (kr15 Mil) to Dec. 2023 (kr15 Mil).

Shelf Drilling (North Sea) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shelf Drilling (North Sea)'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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Shelf Drilling (North Sea) Long-Term Capital Lease Obligation Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

15.16

14.77

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					15.16	-	-	-	14.77

Shelf Drilling (North Sea) (OSL:SDNS) 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.

Shelf Drilling (North Sea) Long-Term Capital Lease Obligation Related Terms

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Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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