Select Water Solutions (Select Water Solutions) Long-Term Capital Lease Obligation : $40 Mil (As of Mar. 2024)

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What is Select Water Solutions Long-Term Capital Lease Obligation?

Select Water Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $40 Mil.

Select Water Solutions's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($39 Mil) to Dec. 2023 ($38 Mil) but then increased from Dec. 2023 ($38 Mil) to Mar. 2024 ($40 Mil).

Select Water Solutions's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($53 Mil) to Dec. 2022 ($46 Mil) and declined from Dec. 2022 ($46 Mil) to Dec. 2023 ($38 Mil).

Select Water Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Select Water Solutions'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.

Select Water Solutions Long-Term Capital Lease Obligation Chart

Select Water Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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72.14

60.98

53.20

46.39

37.80

Select Water Solutions 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															43.37	40.71	38.84	37.80	39.67

Select Water Solutions (NYSE:WTTR) 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.

Select Water Solutions Long-Term Capital Lease Obligation Related Terms

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Select Water Solutions (Select Water Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Select Water Solutions Inc (NYSE:WTTR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

18RA:Germany

Address

1233 West Loop South, Suite 1400, Houston, TX, USA, 77027

Website

https://www.selectenergy.com

Select Water Solutions Inc provides sustainable water and chemical solutions to the energy industry. These solutions are supported by the company's critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities.

Executives

Brian Szymanski	officer: Chief Accounting Officer & VP	1820 I-35 FRONTAGE ROAD, GAINESVILLE TX 76240
Michael Skarke	officer: Exec. VP, Water Solutions	1820 NORTH I-35, P.O. BOX 1715, GAINESVILLE TX 76241
Troy W Thacker	director	C/O FOX PAINE & CO, 950 TOWER LANE, FOSTER CITY CA 94404
Christina M Ibrahim	officer: SVP, GC and CCO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Nick L Swyka	officer: CFO & Senior VP	515 POST OAK BLVD., STE. 200, HOUSTON TX 77027
Robin H Fielder	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Christopher Kile George	officer: See Remarks	5660 WICKERSHAM LN, HOUSTON TX 77056
Luis M Fernandez-moreno	director	ASHLAND INC., 8145 BLAZER DRIVE, WILMINGTON DE 19808
Suzanne Colbert	officer: Chief Technology Officer	1233 WEST LOOP SOUTH, SUITE 1400, HOUSTON TX 77027
Gayle Burleson	director	ONE CONCHO CENTER, 600 WEST ILLINOIS AVENUE, MIDLAND TX 79701
Scf-vii(a), L.p.	10 percent owner, other: Member of Group	600 TRAVIS ST., STE. 6600, HOUSTON TX 77002
Scf Partners, Inc.	10 percent owner, other: Member of Group	600 TRAVIS STE 6600, HOUSTON TX 77002
Scf-vii(a), G.p., Limited Partnership	10 percent owner, other: Member of Group	600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Holli C. Ladhani	director, officer: President and CEO	2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056
Mitchell Shauf	officer: EVP, Water Services	1820 N. INTERSTATE 35, GAINESVILLE TX 76241