Touchstone Exploration (Touchstone Exploration) Long-Term Capital Lease Obligation : $2.89 Mil (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Touchstone Exploration Long-Term Capital Lease Obligation?

Touchstone Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.89 Mil.

Touchstone Exploration's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 ($1.66 Mil) to Sep. 2023 ($1.66 Mil) but then increased from Sep. 2023 ($1.66 Mil) to Dec. 2023 ($2.89 Mil).

Touchstone Exploration's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.27 Mil) to Dec. 2022 ($1.37 Mil) but then increased from Dec. 2022 ($1.37 Mil) to Dec. 2023 ($2.89 Mil).

Touchstone Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Touchstone Exploration'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.

* Premium members only.

Touchstone Exploration Long-Term Capital Lease Obligation Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.11

0.34

2.27

1.37

2.89

Touchstone Exploration 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															1.37	1.37	1.66	1.66	2.89

Touchstone Exploration (OTCPK:PBEGF) 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.

Touchstone Exploration Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Touchstone Exploration's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Touchstone Exploration (Touchstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (OTCPK:PBEGF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TXP:UK PNW1:Germany TXP:Canada

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.