Bristow Group (FRA:ERG1) Long-Term Capital Lease Obligation : €192 Mil (As of Mar. 2024)

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What is Bristow Group Long-Term Capital Lease Obligation?

Bristow Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €192 Mil.

Bristow Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€198 Mil) to Dec. 2023 (€197 Mil) and declined from Dec. 2023 (€197 Mil) to Mar. 2024 (€192 Mil).

Bristow Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (€141 Mil) to Mar. 2022 (€114 Mil) but then increased from Mar. 2022 (€114 Mil) to Dec. 2023 (€197 Mil).

Bristow Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bristow Group'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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Bristow Group Long-Term Capital Lease Obligation Chart

Bristow Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Long-Term Capital Lease Obligation

203.26

140.88

113.90

197.12

Bristow Group Quarterly Data
	Mar19	Jun19	Sep19	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														213.25	200.21	198.18	197.12	192.20

Bristow Group (FRA:ERG1) 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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Bristow Group (FRA:ERG1) Business Description

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VTOL:USA

Address

3151 Briarpark Drive, 7th Floor, Suite 700, Houston, TX, USA, 77042

Website

https://www.bristowgroup.com

Bristow Group Inc is the provider of vertical flight solutions. It provides aviation services to a broad base of major integrated, national and independent energy companies. The company provides commercial search and rescue (SAR) services in multiple countries and public sector SAR services in the United Kingdom on behalf of the Maritime & Coastguard Agency (MCA). Additionally, it offers fixed wing transportation and other aviation related solutions. Its oil and gas customers charter its helicopters to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. It has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K and the United States.

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