Mammoth Energy Services (Mammoth Energy Services) Long-Term Capital Lease Obligation : $6.1 Mil (As of Mar. 2024)

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

Mammoth Energy Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $6.1 Mil.

Mammoth Energy Services's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($10.3 Mil) to Dec. 2023 ($8.2 Mil) and declined from Dec. 2023 ($8.2 Mil) to Mar. 2024 ($6.1 Mil).

Mammoth Energy Services's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($17.6 Mil) to Dec. 2022 ($14.4 Mil) and declined from Dec. 2022 ($14.4 Mil) to Dec. 2023 ($8.2 Mil).

Mammoth Energy Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mammoth 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.

* Premium members only.

Mammoth Energy Services Long-Term Capital Lease Obligation Chart

Mammoth Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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30.96

19.34

17.61

14.35

8.23

Mammoth 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															13.13	11.55	10.25	8.23	6.09

Mammoth Energy Services (NAS:TUSK) 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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Mammoth Energy Services (Mammoth Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mammoth Energy Services Inc (NAS:TUSK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

14201 Caliber Drive, Suite 300, Oklahoma City, OK, USA, 73134

Website

https://www.mammothenergy.com

Mammoth Energy Services Inc is an integrated, growth-oriented energy services company engaged in providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserves as well as the construction and repair of the electric grid for private utilities, public investor-owned utilities, and co-operative utilities through infrastructure services businesses. Its suite of services includes well-completion services, infrastructure services, natural sand proppant services, drilling services, and other services. The majority of revenues are earned from the well-completion services and geographically from the United States followed by Canada and other countries.

Executives

Arty Straehla	director, officer: Chief Executive Officer	1380 ROUTE 286 EAST, SUITE 121, INDIANA PA 15701
Arthur L Smith	director	7308 SHADYVILLA LANE, HOUSTON TX 77055
Wexford Capital Lp	director, 10 percent owner	777 WEST PUTNAM AVENUE, 1ST FLOOR, GREENWICH CT 06830
Mark E. Layton	officer: Chief Financial Officer	4727 GAILLARDIA PARKWAY, SUITE 200, OKLAHOMA CITY OK 73142
Gpor Distribution Trust	10 percent owner	909 FANNIN ST, SUITE 4000, HOUSTON TX 77010
Booker Corey J.	director	MAMMOTH ENERGY SERVICES, INC., 14201 CALIBER DRIVE, SUITE 300, OKLAHOMA CITY OK 73134
Paul M. Jacobi	director	C/O WEXFORD CAPITAL LP, 777 WEST PUTNAM AVENUE, FIRST FLOOR, GREENWICH CT 06830
Matthew Ross	director	4727 GAILLARDIA PARKWAY, SUITE 200, OKLAHOMA CITY OK 75201
Jonathan H Yellen	director	COMMONWEALTH HALL AT OLD PARKLAND, 3899 MAPLE AVENUE, SUITE 410, DALLAS TX 75219
Wexford Catalyst Trading Ltd	director, 10 percent owner	411 WEST PUTNAM AVENUE, SUITE 125, GREENWICH CT 06830
Wexford Spectrum Trading Ltd	director, 10 percent owner	411 WEST PUTNAM AVENUE, SUITE 125, GREENWICH CT 06830
Arthur H Amron	director	C/O WEXFORD CAPITAL LP, 777 WEST PUTNAM AVENUE, FIRST FLOOR, GREENWICH CT 06830
Gulfport Energy Corp	director, 10 percent owner	14313 NORTH MAY AVENUE, SUITE 100, OKLAHOMA CITY OK 73134
Meh Sub Llc	director, 10 percent owner	C/O WEXFORD CAPITAL LP, 411 WEST PUTNAM AVE, SUITE 125, GREENWICH CT 06830
Rusty Neal Laforge	officer: VP, Gen. Couns., Asst. Sec.	3324 QUAIL CREEK ROAD, OKLAHOMA CITY OK 73120