PGS ASA (OSL:PGS) Long-Term Capital Lease Obligation : kr365 Mil (As of Mar. 2024)

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What is PGS ASA Long-Term Capital Lease Obligation?

PGS ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr365 Mil.

PGS ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr504 Mil) to Dec. 2023 (kr475 Mil) and declined from Dec. 2023 (kr475 Mil) to Mar. 2024 (kr365 Mil).

PGS ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr710 Mil) to Dec. 2022 (kr536 Mil) and declined from Dec. 2022 (kr536 Mil) to Dec. 2023 (kr475 Mil).

PGS ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for PGS ASA'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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PGS ASA Long-Term Capital Lease Obligation Chart

PGS ASA Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,362.62

1,031.79

709.51

536.49

474.72

PGS ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															597.18	598.12	504.06	474.72	365.06

PGS ASA (OSL:PGS) 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.

PGS ASA Long-Term Capital Lease Obligation Related Terms

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PGS ASA (OSL:PGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PGS ASA (OSL:PGS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PGEJF:USA PGSo:Sweden PGSo:UK 0MHR:UK PGS1:Germany

Address

Lilleakerveien 4C, Oslo, NOR, 0283

Website

https://www.pgs.com

PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.

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