Sitio Royalties (FRA:SB9) Long-Term Capital Lease Obligation : €4.7 Mil (As of Mar. 2024)

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What is Sitio Royalties Long-Term Capital Lease Obligation?

Sitio Royalties's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €4.7 Mil.

Sitio Royalties's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€3.7 Mil) to Dec. 2023 (€4.9 Mil) but then declined from Dec. 2023 (€4.9 Mil) to Mar. 2024 (€4.7 Mil).

Sitio Royalties's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€5.0 Mil) but then declined from Dec. 2022 (€5.0 Mil) to Dec. 2023 (€4.9 Mil).

Sitio Royalties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sitio Royalties'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.

Sitio Royalties Long-Term Capital Lease Obligation Chart

Sitio Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

5.01

4.95

Sitio Royalties Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								4.12	3.84	3.66	4.95	4.68

Sitio Royalties (FRA:SB9) 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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Sitio Royalties (FRA:SB9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sitio Royalties Corp (FRA:SB9) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

STR:USA

Address

1401 Lawrence Street, Suite 1750, Denver, CO, USA, 80202

Website

https://www.sitio.com

Sitio Royalties Corp is a pure-play mineral and royalty company. The group focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.

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