Sapura Energy Bhd (XKLS:5218) Long-Term Capital Lease Obligation : RM15 Mil (As of Jan. 2024)

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What is Sapura Energy Bhd Long-Term Capital Lease Obligation?

Sapura Energy Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was RM15 Mil.

Sapura Energy Bhd's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (RM23 Mil) to Oct. 2023 (RM18 Mil) and declined from Oct. 2023 (RM18 Mil) to Jan. 2024 (RM15 Mil).

Sapura Energy Bhd's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (RM9 Mil) to Jan. 2023 (RM23 Mil) but then declined from Jan. 2023 (RM23 Mil) to Jan. 2024 (RM15 Mil).

Sapura Energy Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sapura Energy Bhd'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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Sapura Energy Bhd Long-Term Capital Lease Obligation Chart

Sapura Energy Bhd Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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9.15

9.63

8.75

22.94

15.03

Sapura Energy Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															22.94	22.24	23.18	18.33	15.03

Sapura Energy Bhd (XKLS:5218) 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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Sapura Energy Bhd (XKLS:5218) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sapura Energy Bhd (XKLS:5218) » Definitions » Long-Term Capital Lease Obligation

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5218PA.PFD:Malaysia

Address

No. 7, Jalan Tasik, Sapura@Mines, The Mines Resort City, Seri Kembangan, SGR, MYS, 43300

Website

https://www.sapuraenergy.com

Sapura Energy Bhd is an upstream firm in the global oil and gas industry, providing services and solutions in the Americas, Middle East, Africa, Europe, and Asia-Pacific. The company's operating segments consist of engineering and construction, drilling, and exploration and production. The engineering and construction segment provides engineering, procurement, construction, installation, and commissioning solutions. The drilling business unit offers drilling services with Sapura's own fleet of tender rigs. The exploration and production segment provides exploration, development, and production solutions. The company generates the majority of its revenue from its engineering and construction business.

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