Houston American Energy (Houston American Energy) Long-Term Capital Lease Obligation : $0.07 Mil (As of Dec. 2023)

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What is Houston American Energy Long-Term Capital Lease Obligation?

Houston American Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.07 Mil.

Houston American Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.11 Mil) to Sep. 2023 ($0.09 Mil) and declined from Sep. 2023 ($0.09 Mil) to Dec. 2023 ($0.07 Mil).

Houston American Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.21 Mil) to Dec. 2022 ($0.15 Mil) and declined from Dec. 2022 ($0.15 Mil) to Dec. 2023 ($0.07 Mil).

Houston American Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Houston American Energy'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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Houston American Energy Long-Term Capital Lease Obligation Chart

Houston American Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.22

0.11

0.21

0.15

0.07

Houston American Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.15	0.13	0.11	0.09	0.07

Houston American Energy (AMEX:HUSA) 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.

Houston American Energy Long-Term Capital Lease Obligation Related Terms

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Houston American Energy (Houston American Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Houston American Energy Corp (AMEX:HUSA) » Definitions » Long-Term Capital Lease Obligation

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8H6H:Germany

Address

801 Travis Street, Suite 1425, Houston, TX, USA, 77002

Website

https://www.houstonamerican.com

Houston American Energy Corp is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its properties, and operations, are in the U.S. Permian Basin, the U.S. Gulf Coast region, particularly Texas and Louisiana, and in the South American country of Colombia. The company's an exploration and development projects are focused on existing property interests, and future acquisition of additional property interests, in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. The Company majorly has operations in two geographical areas, the United States and Colombia.

Executives

James A Schoonover	director	1770 COUNTY ROAD H2, WHITE BEAR TOWNSHIP MN 55110
John F Terwilliger	director, 10 percent owner, officer: President and CEO
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Dyke Torbjorn Van	officer: VP - Business Development	801 TRAVIS STREET, SUITE 1425, HOUSTON TX 77002
R. Keith Grimes	director	13307 GOLDEN VALLEY DR., CYPRESS TX 77429
John P Boylan	director	450 WESTHEIMER DR., HOUSTON TX 77024
Stephen Hartzell	director	1001 MCKINNEY, SUITE 805, HOUSTON TX 77002
Roy W Jageman	director	777 MAIN STREET, C/O ENCORE ACQUISITION CO, FORT WORTH TX 76102
James J Jacobs	officer: Chief Financial Officer	801 TRAVIS, SUITE 2020, HOUSTON TX 77002
Kenneth Jeffers	officer: Senior VP of Exploration	801 TRAVIS STREET, SUITE 1425, HOUSTON TX 77002
Nokomis Capital, L.l.c.	10 percent owner	1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Brett Hendrickson	10 percent owner	300 CRESCENT COURT, SUITE 1740, DALLAS TX 75201
Orrie Lee Tawes	director, 10 percent owner	CIBC OPPENHEIMER WORLD FINANCIAL CENTER, NEW YORK NY 110281
Richard J Howe	director	73 SADDLEBROOK LN, HOUSTON TX 77024
J Alex Loftus	director	801 TRAVIS, SUITE 1425, HOUSTON TX 77002