Pengrowth Energy (Pengrowth Energy) Long-Term Capital Lease Obligation : $41.2 Mil (As of Sep. 2019)

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What is Pengrowth Energy Long-Term Capital Lease Obligation?

Pengrowth Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $41.2 Mil.

Pengrowth Energy's quarterly Long-Term Capital Lease Obligation declined from Mar. 2019 ($43.8 Mil) to Jun. 2019 ($43.1 Mil) and declined from Jun. 2019 ($43.1 Mil) to Sep. 2019 ($41.2 Mil).

Pengrowth Energy Long-Term Capital Lease Obligation Historical Data

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

Pengrowth Energy Annual Data

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Long-Term Capital Lease Obligation

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Pengrowth Energy Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															25.17	-	43.83	43.12	41.16

Pengrowth Energy (NYSE:PGH) 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.

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Pengrowth Energy (Pengrowth Energy) Business Description

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Address

222 Third Avenue SW, Suite 2100, Calgary, AB, CAN, T2P 0B4

Website

http://www.pengrowth.com

Pengrowth Energy Corp is an intermediate Canadian oil and natural gas producer. The company has exposure to the Cardium light oil play, Swan Hills light oil play, and Montney natural gas projects in Canada. Pengrowth's production consists of natural gas, oil, and natural gas liquids, with natural gas constituting a predominant majority of production. Royalties are needed for Pengrowth to explore and develop any oilfields it may come across. Pengrowth actively controls where its production is shipped so that it can monitor and take advantage of favorable pricing opportunities in North American markets.