Frontline (FRO) Capital Leases (2009 - 2022)
Frontline's (FRO) quarterly Capital Leases came in at $38.7 million in Q1 2022, down 17.34% on a YoY basis from $46.8 million in Q1 2021, and down 10.04% quarter-over-quarter from $43.0 million in Q3 2021.
Analysis
Frontline (FRO) Capital Leases (2009 - 2022) Analysis & Trends
Frontline (FRO) has reported Capital Leases for 14 consecutive years, with $38.7 million the latest figure, recorded in Q1 2022.
- For the quarter ending Q1 2022, Capital Leases fell 17.34% year-over-year to $38.7 million; the trailing twelve-month figure through Mar 2022 stood at $38.7 million (down 17.34% YoY), and the FY2019 full-year result was $76.4 million, down 13.06% from the prior year.
- Capital Leases declined to $38.7 million in Q1 2022 per FRO's latest filing, from $43.0 million in the prior quarter.
- Across five years, Capital Leases topped out at $231.2 million in Q1 2018 and bottomed at $38.7 million in Q1 2022.
- Historically, Capital Leases has averaged $88.9 million across 5 years, with a median of $76.4 million in 2019.
- The sharpest annual moves came in 2018 and 2019: Capital Leases plunged 65.61% in 2018, then slipped 13.06% in 2019.
- Over 5 years, Capital Leases stood at $87.9 million in 2018, then slipped by 13.06% to $76.4 million in 2019, then sank by 33.98% to $50.5 million in 2020, then fell by 14.79% to $43.0 million in 2021, then decreased by 10.04% to $38.7 million in 2022.
- According to Business Quant data, Capital Leases over the past three periods registered $38.7 million, $43.0 million, and $45.1 million for Q1 2022, Q3 2021, and Q2 2021 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn |
| 10 | ZIM Integrated Shipping Services | 3.44 Bn | 2.41 Bn | 255.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2022 | 38.69 Mn |
| Sep 30, 2021 | 43.01 Mn |
| Jun 30, 2021 | 45.12 Mn |
| Mar 31, 2021 | 46.81 Mn |
| Sep 30, 2020 | 50.47 Mn |
| Jun 30, 2020 | 52.44 Mn |
| Mar 31, 2020 | 54.38 Mn |
| Dec 31, 2019 | 76.45 Mn |
| Sep 30, 2019 | 79.39 Mn |
| Jun 30, 2019 | 82.28 Mn |
| Mar 31, 2019 | 85.12 Mn |
| Dec 31, 2018 | 87.93 Mn |
| Sep 30, 2018 | 137.46 Mn |
| Jun 30, 2018 | 222.02 Mn |
| Mar 31, 2018 | 231.20 Mn |
| Dec 31, 2017 | 255.70 Mn |
| Sep 30, 2017 | 266.96 Mn |
| Jun 30, 2017 | 285.93 Mn |
| Mar 31, 2017 | 332.97 Mn |
| Dec 31, 2016 | 366.10 Mn |