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Paramount Resources (Paramount Resources) Long-Term Capital Lease Obligation : $20 Mil (As of Dec. 2023)


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What is Paramount Resources Long-Term Capital Lease Obligation?

Paramount Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20 Mil.

Paramount Resources's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($13 Mil) to Sep. 2023 ($19 Mil) and increased from Sep. 2023 ($19 Mil) to Dec. 2023 ($20 Mil).

Paramount Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($2 Mil) to Dec. 2022 ($11 Mil) and increased from Dec. 2022 ($11 Mil) to Dec. 2023 ($20 Mil).


Paramount Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Paramount Resources'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.

Paramount Resources Long-Term Capital Lease Obligation Chart

Paramount Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.55 9.13 2.03 11.04 19.53

Paramount Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.04 11.77 13.32 19.14 19.53

Paramount Resources  (OTCPK:PRMRF) 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.

Paramount Resources Long-Term Capital Lease Obligation Related Terms

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Paramount Resources (Paramount Resources) Business Description

Industry
Traded in Other Exchanges
Address
888 - 3rd Street SW, Suite 4700, Calgary, AB, CAN, T2P 5C5
Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada. Depending on the product, contracts can have daily, monthly, or long-term agreements. Assets for exploration and production are acquired by way of royalties that are paid to provincial governments and freehold landowners.

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