SDRL (Seadrill) Long-Term Capital Lease Obligation : $7 Mil (As of Mar. 2025)

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What is Seadrill Long-Term Capital Lease Obligation?

Seadrill's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $7 Mil.

Seadrill's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 ($0 Mil) to Dec. 2024 ($8 Mil) but then declined from Dec. 2024 ($8 Mil) to Mar. 2025 ($7 Mil).

Seadrill's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($0 Mil) to Dec. 2023 ($2 Mil) and increased from Dec. 2023 ($2 Mil) to Dec. 2024 ($8 Mil).

Seadrill Long-Term Capital Lease Obligation Historical Data

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

Seadrill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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2.00

8.00

Seadrill Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												-	-	-	8.00	7.00

Seadrill (NYSE:SDRL) 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.

Seadrill Long-Term Capital Lease Obligation Related Terms

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Seadrill Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seadrill Ltd (NYSE:SDRL) » Definitions » Long-Term Capital Lease Obligation

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P4F:Germany

Address

11025 Equity Drive, Suite 150, Houston, TX, USA, 77041

Website

https://www.seadrill.com

Seadrill Ltd is an offshore drilling contractor company. The company is engaged in providing offshore drilling services to the oil and gas industry. The primary business of the company is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater areas in both benign and harsh environments. The geographical segments of the company are the United States, Brazil, Angola, Norway, Canada and others. The company derives maximum revenue from the United States.