Shelf Drilling (OSL:SHLF) Long-Term Capital Lease Obligation : kr47 Mil (As of Dec. 2023)

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What is Shelf Drilling Long-Term Capital Lease Obligation?

Shelf Drilling's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr47 Mil.

Shelf Drilling'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 (kr47 Mil).

Shelf Drilling's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr77 Mil) to Dec. 2022 (kr56 Mil) and declined from Dec. 2022 (kr56 Mil) to Dec. 2023 (kr47 Mil).

Shelf Drilling Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shelf Drilling'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 Long-Term Capital Lease Obligation Chart

Shelf Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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157.46

119.55

77.32

56.32

47.47

Shelf Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															56.32	-	-	-	47.47

Shelf Drilling (OSL:SHLF) 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 Long-Term Capital Lease Obligation Related Terms

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Shelf Drilling (OSL:SHLF) Business Description

Industry

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

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Traded in Other Exchanges

SHLLF:USA SHLFo:Sweden SHLFo:UK 6SD:Germany

Address

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

Website

https://www.shelfdrilling.com

Shelf Drilling Ltd operates as a shallow-water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. The business operates in a single segment being Contract services. Geographically, it derives a majority of revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; United Arab Emirates; India and Other Countries.

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