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Okea ASA (OSTO:OKEA) Long-Term Capital Lease Obligation : kr162 Mil (As of Jun. 2024)


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What is Okea ASA Long-Term Capital Lease Obligation?

Okea ASA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr162 Mil.

Okea ASA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (kr179 Mil) to Mar. 2024 (kr170 Mil) and declined from Mar. 2024 (kr170 Mil) to Jun. 2024 (kr162 Mil).

Okea ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr220 Mil) to Dec. 2022 (kr212 Mil) and declined from Dec. 2022 (kr212 Mil) to Dec. 2023 (kr179 Mil).


Okea ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Okea 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.

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Okea ASA Long-Term Capital Lease Obligation Chart

Okea ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only 118.00 143.98 220.27 212.41 178.54

Okea ASA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 195.75 187.42 178.54 170.17 161.81

Okea ASA  (OSTO:OKEA) 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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Okea ASA Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okea ASA (OSTO:OKEA) » Definitions » Long-Term Capital Lease Obligation
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Address
Kongens Gate 8, Trondheim, NOR, 7011
Okea ASA is an independent oil producer. The company's only reportable segment is the development and production of oil and gas on the Norwegian Continental Shelf. Its operation includes Draugen Field, Gjoa Field, Ivar Aasen, Grevling and Yme. The company generates the majority of its revenue from the sale of liquids.

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