TechnipFMC (STU:1T1) Long-Term Capital Lease Obligation : €643 Mil (As of Mar. 2024)

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What is TechnipFMC Long-Term Capital Lease Obligation?

TechnipFMC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €643 Mil.

TechnipFMC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€702 Mil) to Dec. 2023 (€693 Mil) and declined from Dec. 2023 (€693 Mil) to Mar. 2024 (€643 Mil).

TechnipFMC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€618 Mil) to Dec. 2022 (€696 Mil) but then declined from Dec. 2022 (€696 Mil) to Dec. 2023 (€693 Mil).

TechnipFMC Long-Term Capital Lease Obligation Historical Data

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

TechnipFMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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613.53

520.16

617.64

695.82

692.79

TechnipFMC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															752.34	724.65	702.28	692.79	642.80

TechnipFMC (STU:1T1) 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.

TechnipFMC Long-Term Capital Lease Obligation Related Terms

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TechnipFMC (STU:1T1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TechnipFMC PLC (STU:1T1) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FTI:USA 1T1:Germany T1EC34:Brazil FTI:Austria

Address

13460 Lockwood Road, Houston, TX, USA, 77044

Website

https://www.technipfmc.com

TechnipFMC is the largest pure-play offshore service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.

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