Solaris Oilfield Infrastructure (FRA:68S) Long-Term Capital Lease Obligation : €12.0 Mil (As of Mar. 2024)

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What is Solaris Oilfield Infrastructure Long-Term Capital Lease Obligation?

Solaris Oilfield Infrastructure's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €12.0 Mil.

Solaris Oilfield Infrastructure's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€15.2 Mil) to Dec. 2023 (€12.8 Mil) and declined from Dec. 2023 (€12.8 Mil) to Mar. 2024 (€12.0 Mil).

Solaris Oilfield Infrastructure's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€6.0 Mil) to Dec. 2022 (€9.1 Mil) and increased from Dec. 2022 (€9.1 Mil) to Dec. 2023 (€12.8 Mil).

Solaris Oilfield Infrastructure Long-Term Capital Lease Obligation Historical Data

The historical data trend for Solaris Oilfield Infrastructure'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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Solaris Oilfield Infrastructure Long-Term Capital Lease Obligation Chart

Solaris Oilfield Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.19

6.18

5.99

9.10

12.79

Solaris Oilfield Infrastructure 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															8.77	9.48	15.20	12.79	11.98

Solaris Oilfield Infrastructure (FRA:68S) 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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Solaris Oilfield Infrastructure (FRA:68S) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Solaris Oilfield Infrastructure Inc (FRA:68S) » Definitions » Long-Term Capital Lease Obligation

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SOI:USA 68S:Germany

Address

9811 Katy Freeway, Suite 700, Houston, TX, USA, 77024

Website

https://www.solarisoilfield.com

Solaris Oilfield Infrastructure Inc provides oilfield products, services and infrastructure to enhance drilling, completions, efficiency and safety in North American shale plays. The company manufactures and provides its patented mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. Its systems reduce the customers' cost and time to complete wells by improving the efficiency of proppant logistics, in addition to enhancing well site safety. Its customers include oil and natural gas exploration and production companies as well as oilfield service companies. The company generates revenue primarily through the rental of its systems and related services, including transportation of systems and field supervision and support.

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