Camber Energy (Camber Energy) Long-Term Capital Lease Obligation : $2.59 Mil (As of Dec. 2023)

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What is Camber Energy Long-Term Capital Lease Obligation?

Camber Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.59 Mil.

Camber Energy's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($2.87 Mil) to Sep. 2023 ($2.26 Mil) but then increased from Sep. 2023 ($2.26 Mil) to Dec. 2023 ($2.59 Mil).

Camber Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($4.48 Mil) to Dec. 2022 ($3.16 Mil) and declined from Dec. 2022 ($3.16 Mil) to Dec. 2023 ($2.59 Mil).

Camber Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Camber 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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Camber Energy Long-Term Capital Lease Obligation Chart

Camber Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.31

0.24

4.48

3.16

2.59

Camber Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.46	3.16	2.87	2.26	2.59

Camber Energy (AMEX:CEI) 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.

Camber Energy Long-Term Capital Lease Obligation Related Terms

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Camber Energy (Camber Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Camber Energy Inc (AMEX:CEI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

58L:Germany

Address

15915 Katy Freeway, Suite 450, Houston, TX, USA, 77094

Website

https://www.camber.energy

Camber Energy Inc Formerly Viking Energy Group Inc is an independent exploration and production company. The company is engaged in the acquisition, exploration, development, and production of oil and natural gas properties. Its properties are located in Miami and Franklin Counties in eastern Kansas, Missouri, Texas, Louisiana, Mississippi, and Alberta. The company generates revenue from oil and gas sales.

Executives

James G Miller	director	P.O. BOX 14144, PARKVILLE MO 64152
John F Mcvicar	officer: Chief Financial Officer	15915 KATY FREEWAY, SUITE 450, HOUSTON TX 77094
Barker Frank W. Jr.	officer: Chief Financial Officer	115915 KATY FREEWAY, SUITE 450, HOUSTON TX 77094
Robert K Green	director	P O BOX 13287, KANSAS CITY MO 64199
James Andrew Doris	director, officer: CEO & President	15915 KATY FREEWAY, SUITE 450, HOUSTON TX 77094
Troy Andrew Caruso	10 percent owner	10 COLONIAL DRIVE, SMITHTOWN NY 11787
Louis G Schott	officer: Interim CEO	4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209
Donnie Baker Seay	director	105 NADINE RD., SAN ANTONIO TX 78209
Robert W Schleizer	officer: Interim CFO
Kenneth Ray Sanders	officer: Chief Operating Officer	2706 KINGS FOREST DR., KINGWOOD TX 77339
Paul Anthony Pinkston	officer: Chief Accounting Officer	450 GEARS ROAD, SUITE 860, HOUSTON TX 77067
Mpii, Inc.	officer: President	PO BOX 14000, SAN ANTONIO TX 78214
Robert D. Tips	director	1700 S.E. MILITARY DRIVE, SAN ANTONIO TX 78214
R.d. Tips, Inc.	officer: President	1700 S.E. MILITARY DRIVE, SAN ANTONIO TX 78214
Rad2 Minerals, Ltd	10 percent owner	PO BOX 6172, SAN ANTONIO TX 78209