Tullow Oil (LSE:TLW) Long-Term Capital Lease Obligation : £570 Mil (As of Dec. 2023)

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What is Tullow Oil Long-Term Capital Lease Obligation?

Tullow Oil's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £570 Mil.

Tullow Oil's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£602 Mil) to Jun. 2023 (£30 Mil) but then increased from Jun. 2023 (£30 Mil) to Dec. 2023 (£570 Mil).

Tullow Oil's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£686 Mil) to Dec. 2022 (£602 Mil) and declined from Dec. 2022 (£602 Mil) to Dec. 2023 (£570 Mil).

Tullow Oil Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tullow Oil'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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Tullow Oil Long-Term Capital Lease Obligation Chart

Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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870.51

725.92

685.75

601.71

569.59

Tullow Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															685.75	679.81	601.71	30.33	569.59

Tullow Oil (LSE:TLW) 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.

Tullow Oil Long-Term Capital Lease Obligation Related Terms

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Tullow Oil (LSE:TLW) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tullow Oil PLC (LSE:TLW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TUWOY:USA TUWLF:USA TLW:Ghana TLWl:UK TQW:Germany

Address

566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT

Website

https://www.tullowoil.com

Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.

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