PHX Minerals (PHX Minerals) Long-Term Capital Lease Obligation : $0.70 Mil (As of Dec. 2023)

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What is PHX Minerals Long-Term Capital Lease Obligation?

PHX Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.70 Mil.

PHX Minerals's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.81 Mil) to Sep. 2023 ($0.76 Mil) and declined from Sep. 2023 ($0.76 Mil) to Dec. 2023 ($0.70 Mil).

PHX Minerals's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($0.79 Mil) to Sep. 2022 ($0.99 Mil) but then declined from Sep. 2022 ($0.99 Mil) to Dec. 2023 ($0.70 Mil).

PHX Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for PHX Minerals'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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PHX Minerals Long-Term Capital Lease Obligation Chart

PHX Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Dec23

Long-Term Capital Lease Obligation

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0.92

0.79

0.99

0.70

PHX Minerals 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															0.93	0.87	0.81	0.76	0.70

PHX Minerals (NYSE:PHX) 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.

PHX Minerals Long-Term Capital Lease Obligation Related Terms

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PHX Minerals (PHX Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Minerals Inc (NYSE:PHX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

5AH:Germany

Address

1320 South University Drive, Suite 720, Fort Worth, TX, USA, 76107

Website

https://www.phxmin.com

PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.

Executives

Edenbrook Capital, Llc	10 percent owner	116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Chad True	officer: Principal Accounting Officer	2113 NW 59TH PLACE, OKLAHOMA CITY OK 73112
Raphael D'amico	officer: VP - Business Development	5400 NORTH GRAND BOULEVARD, SUITE 300, OKLAHOMA CITY OK 73112
Chad L Stephens	director	100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
Srp Capital Advisors, Llc	10 percent owner	3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Steven L Packebush	director	3503 NW 63RD STREET, SUITE 500, OKLAHOMA CITY OK 73116-2238
Peter B Delaney	director	P.O. BOX 321, OKLAHOMA CITY OK 73101
Christopher T. Fraser	director	9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Glen A Brown	director	P.O. BOX 268836, OKLAHOMA CITY OK 73126
William T Fennebresque	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Srpo-ii Manager, Lp	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Cwep-srpoii Investments, Llc	other: See Explanation of Responses	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Palmetto Investment Partners, Llc	other: See Explanation of Responses	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Palmetto Investment Partners Ii, Llc	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Ryan A Turner	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219