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Resolute Energy (Resolute Energy) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2018)


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What is Resolute Energy Long-Term Capital Lease Obligation?

Resolute Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.0 Mil.


Resolute Energy Long-Term Capital Lease Obligation Historical Data

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

Resolute Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Long-Term Capital Lease Obligation
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Resolute Energy Quarterly Data
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Resolute Energy  (NYSE:REN) 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.

Resolute Energy Long-Term Capital Lease Obligation Related Terms

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Resolute Energy (Resolute Energy) Business Description

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1700 Lincoln Street, Suite 2800, Denver, CO, USA, 80203
Resolute Energy Corp is an independent oil and gas company engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The group primarily operates in Oil, Gas and Natural gas liquids division. The company's operating assets are comprised primarily of properties in the Permian Basin in west Texas and southeast New Mexico and Aneth Field located in the Paradox Basin in the southeast. Geographically all the business activities of the firm are operated through the United States of America. Resolute derives the majority of revenue from oil division.