Scorpio Tankers (STNG) Operating Leases (2019 - 2023)

Scorpio Tankers (STNG) has reported Operating Leases for 5 consecutive years, with $95.2 million the latest figure, recorded in Q3 2023.

• Quarterly Operating Leases fell 79.17% year-over-year to $95.2 million in Q3 2023, while the trailing twelve-month figure through Sep 2023 was $95.2 million (down 79.17% YoY) and the FY2022 annual result came in at $443.5 million, down 14.85% from the prior year.
• Operating Leases eased to $95.2 million in Q3 2023 per STNG's latest filing, from $161.9 million in the prior quarter.
• Over the last five years, Operating Leases for STNG reached as high as $589.5 million in Q3 2020 and fell as low as $1.6 million in Q1 2020.
• A 5-year average of $336.7 million and a median of $456.9 million in 2022 frame the typical range for Operating Leases.
• Annual changes were most pronounced in 2020 — Operating Leases plunged 96.62% — and 2021, when it jumped 35034.12%.
• Year by year, Operating Leases stood at $24.2 million in 2019, then soared by 2279.32% to $575.8 million in 2020, then declined by 9.54% to $520.9 million in 2021, then retreated by 14.85% to $443.5 million in 2022, then tumbled by 78.54% to $95.2 million in 2023.
• According to Business Quant data, Operating Leases over the past three periods registered $95.2 million, $161.9 million, and $336.5 million for Q3 2023, Q2 2023, and Q1 2023 respectively.