Forum Energy Technologies (FRA:1FE1) Long-Term Capital Lease Obligation : €55.1 Mil (As of Mar. 2024)

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What is Forum Energy Technologies Long-Term Capital Lease Obligation?

Forum Energy Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €55.1 Mil.

Forum Energy Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€58.6 Mil) to Dec. 2023 (€56.4 Mil) and declined from Dec. 2023 (€56.4 Mil) to Mar. 2024 (€55.1 Mil).

Forum Energy Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€30.7 Mil) to Dec. 2022 (€61.0 Mil) but then declined from Dec. 2022 (€61.0 Mil) to Dec. 2023 (€56.4 Mil).

Forum Energy Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Forum Energy Technologies'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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Forum Energy Technologies Long-Term Capital Lease Obligation Chart

Forum Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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44.94

36.61

30.75

61.01

56.35

Forum Energy Technologies 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															60.06	58.40	58.63	56.35	55.11

Forum Energy Technologies (FRA:1FE1) 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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Forum Energy Technologies (FRA:1FE1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forum Energy Technologies Inc (FRA:1FE1) » Definitions » Long-Term Capital Lease Obligation

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FET:USA

Address

10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064

Website

https://www.f-e-t.com

Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.

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