Expro Group Holdings NV (FRA:FK2) Long-Term Capital Lease Obligation : €61 Mil (As of Mar. 2024)

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What is Expro Group Holdings NV Long-Term Capital Lease Obligation?

Expro Group Holdings NV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €61 Mil.

Expro Group Holdings NV's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€62 Mil) to Dec. 2023 (€65 Mil) but then declined from Dec. 2023 (€65 Mil) to Mar. 2024 (€61 Mil).

Expro Group Holdings NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€79 Mil) to Dec. 2022 (€70 Mil) and declined from Dec. 2022 (€70 Mil) to Dec. 2023 (€65 Mil).

Expro Group Holdings NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Expro Group Holdings NV'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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Expro Group Holdings NV Long-Term Capital Lease Obligation Chart

Expro Group Holdings NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

62.11

79.17

70.44

65.46

Expro Group Holdings NV Quarterly Data
	Dec19	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										67.27	64.09	62.23	65.46	60.79

Expro Group Holdings NV (FRA:FK2) 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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Expro Group Holdings NV (FRA:FK2) Business Description

Industry

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XPRO:USA

Address

1311 Broadfield Boulevard., Suite 400, Houston, TX, USA, 77084

Website

https://www.expro.com

Expro Group offers products and services that span the well life cycle, including well construction, well flow management, well intervention and integrity, and subsea well access. It maintains operations around the world and specializes in offshore production solutions, capabilities enhanced by the 2021 merger with Frank's International. It also provides production optimization for both onshore and offshore applications. The majority of its business relies on international and offshore markets, representing about 80% and 70% of annual revenue, respectively.

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