Secure Energy Services (TSX:SES) Long-Term Capital Lease Obligation : C$101 Mil (As of Mar. 2024)

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What is Secure Energy Services Long-Term Capital Lease Obligation?

Secure Energy Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$101 Mil.

Secure Energy Services's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$96 Mil) to Dec. 2023 (C$109 Mil) but then declined from Dec. 2023 (C$109 Mil) to Mar. 2024 (C$101 Mil).

Secure Energy Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$82 Mil) to Dec. 2022 (C$84 Mil) and increased from Dec. 2022 (C$84 Mil) to Dec. 2023 (C$109 Mil).

Secure Energy Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Secure Energy Services'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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Secure Energy Services Long-Term Capital Lease Obligation Chart

Secure Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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31.00

25.00

82.00

84.00

109.00

Secure Energy Services 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															91.00	97.00	96.00	109.00	101.00

Secure Energy Services (TSX:SES) 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.

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Secure Energy Services (TSX:SES) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (TSX:SES) » Definitions » Long-Term Capital Lease Obligation

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SECYF:USA SEP:Germany

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.