TGS ASA (TGS ASA) Long-Term Capital Lease Obligation : $59.9 Mil (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is TGS ASA Long-Term Capital Lease Obligation?

TGS ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $59.9 Mil.

TGS ASA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($30.9 Mil) to Dec. 2023 ($41.3 Mil) and increased from Dec. 2023 ($41.3 Mil) to Mar. 2024 ($59.9 Mil).

TGS ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($33.0 Mil) to Dec. 2022 ($28.6 Mil) but then increased from Dec. 2022 ($28.6 Mil) to Dec. 2023 ($41.3 Mil).

TGS ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for TGS ASA'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.

* Premium members only.

TGS ASA Long-Term Capital Lease Obligation Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

19.59

44.55

33.02

28.61

41.33

TGS ASA 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															32.26	34.55	30.94	41.33	59.94

TGS ASA (OTCPK:TGSNF) 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.

TGS ASA Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of TGS ASA's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

TGS ASA (TGS ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OTCPK:TGSNF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TGSGY:USA TGSo:Sweden TGS:Norway 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.