Cross Border Resources (Cross Border Resources) Long-Term Capital Lease Obligation

: $0.00 Mil (As of Mar. 2015)

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Cross Border Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2015 was $0.00 Mil.

Cross Border Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cross Border 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.

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Cross Border Resources Annual Data

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Long-Term Capital Lease Obligation

Cross Border Resources Quarterly Data
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Long-Term Capital Lease Obligation																-	-	-	-	-

Cross Border Resources (OTCPK:XBOR) 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.

Cross Border Resources Long-Term Capital Lease Obligation Related Terms

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Cross Border Resources (Cross Border Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Border Resources Inc (OTCPK:XBOR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2515 McKinney Avenue, Suite 900, Dallas, TX, USA, 75201

Website

http://www.xbres.com

Cross Border Resources Inc is an oil and gas Exploration Company. The Company is engaged in the acquisition, operation, exploration and development of oil and gas properties and prospects.

Executives

Laroche Richard F Jr	director	P.O. BOX 1398, MURFREESBORO TN 37133-1398
Gray Everett Willard Ii	other: Former Chief Executive Officer	P. O. BOX 5375, MIDLAND TX 79704

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