Goodrich Petroleum (Goodrich Petroleum) Long-Term Capital Lease Obligation : $2.5 Mil (As of Sep. 2021)

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What is Goodrich Petroleum Long-Term Capital Lease Obligation?

Goodrich Petroleum's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $2.5 Mil.

Goodrich Petroleum's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 ($2.7 Mil) to Jun. 2021 ($2.6 Mil) and declined from Jun. 2021 ($2.6 Mil) to Sep. 2021 ($2.5 Mil).

Goodrich Petroleum's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($0.8 Mil) and increased from Dec. 2019 ($0.8 Mil) to Dec. 2020 ($2.8 Mil).

Goodrich Petroleum Long-Term Capital Lease Obligation Historical Data

The historical data trend for Goodrich Petroleum'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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Goodrich Petroleum Long-Term Capital Lease Obligation Chart

Goodrich Petroleum Annual Data

Trend

Dec11

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Dec20

Long-Term Capital Lease Obligation

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0.80

2.81

Goodrich Petroleum Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	2.81	2.71	2.61	2.51

Goodrich Petroleum (AMEX:GDP) 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.

Goodrich Petroleum Long-Term Capital Lease Obligation Related Terms

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Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Goodrich Petroleum Corp (AMEX:GDP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.

Executives

Gen Iv Investment Opportunities, Llc	10 percent owner	1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
Anchorage Capital Group, L.l.c.	10 percent owner	610 BROADWAY, 6TH FLOOR, NEW YORK NY 10012
Franklin Resources Inc	10 percent owner	FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Walter G Goodrich	director, officer: Chairman and CEO	C/O GOODRICH PETROLEUM, 808 TRAVIS, SUITE 1320, HOUSTON TX 77002
Robert T Barker	officer: SVP Controller & CFO	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Turnham Robert C Jr	director, officer: President & COO	808 TRAVIS, SUITE 1320, HOUSTON TX 77002
Mark E Ferchau	officer: Executive Vice President	333 TEXAS ST, STE 1375, SHREWSPORT LA 71101
Edward J. Sondey	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Jeffrey Serota	director	123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73120
Kenneth Adam Leight	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Timothy D Leuliette	director	P.O. BOX 701482, PLYMOUTH MI 48170
Thomas M Souers	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Ronald F Coleman	director	4601 WESTWAY PARK BOULEVARD, HOUSTON TX 77041
Steven J Pully	director	9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
Lsp Generation Iv, Llc	10 percent owner	1700 BROADWAY, FLOOR 35, NEW YORK X1 10019