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Nabors Energy Transition II (Nabors Energy Transition II) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Nabors Energy Transition II Long-Term Capital Lease Obligation?

Nabors Energy Transition II's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Nabors Energy Transition II Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nabors Energy Transition II'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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Nabors Energy Transition II Long-Term Capital Lease Obligation Chart

Nabors Energy Transition II Annual Data
Trend Dec23
Long-Term Capital Lease Obligation
-

Nabors Energy Transition II Quarterly Data
Apr23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation - - - -

Nabors Energy Transition II  (NAS:NETD) 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.

Nabors Energy Transition II Long-Term Capital Lease Obligation Related Terms

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Nabors Energy Transition II (Nabors Energy Transition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nabors Energy Transition Corp II (NAS:NETD) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
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Traded in Other Exchanges
N/A
Address
515 West Greens Road, Suite 1200, Houston, TX, USA, 77067
Website
https://www.nabors-etcorp.com
Nabors Energy Transition Corp II is a blank check company.
Executives
Anthony G Petrello director, 10 percent owner, officer: President, CEO and Secretary NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067
William J Restrepo officer: Chief Financial Officer P.O. BOX 60068, HOUSTON TX 77205-0068
Guillermo Sierra officer: VP, Energy Transition C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Calhoun Colleen director 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Lux 2 S.a.r.l. 10 percent owner 8-10 AVENUE DE LA GARE, LUXEMBOURG CITY N4 L-1610
Nabors Energy Transition Sponsor Ii Llc 10 percent owner 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Greens Road Energy Ii Llc 10 percent owner 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Stephen M. Trauber director 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067