PAO Sovcomflot (MIC:FLOT) Long-Term Capital Lease Obligation : ₽1,690 Mil (As of Jun. 2023)

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What is PAO Sovcomflot Long-Term Capital Lease Obligation?

PAO Sovcomflot's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽1,690 Mil.

PAO Sovcomflot's quarterly Long-Term Capital Lease Obligation increased from Sep. 2021 (₽943 Mil) to Dec. 2021 (₽1,542 Mil) and increased from Dec. 2021 (₽1,542 Mil) to Jun. 2023 (₽1,690 Mil).

PAO Sovcomflot's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (₽2,552 Mil) to Dec. 2020 (₽2,061 Mil) and declined from Dec. 2020 (₽2,061 Mil) to Dec. 2021 (₽1,542 Mil).

PAO Sovcomflot Long-Term Capital Lease Obligation Historical Data

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

PAO Sovcomflot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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2,551.97

2,060.98

1,542.14

PAO Sovcomflot Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,408.25	1,153.13	943.43	1,542.14	1,689.89

PAO Sovcomflot (MIC:FLOT) 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.

PAO Sovcomflot Long-Term Capital Lease Obligation Related Terms

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PAO Sovcomflot (MIC:FLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

6 Gasheka Street, Moscow, RUS, 125047

Website

https://www.scf-group.ru

PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.