Condor Energies (Condor Energies) Long-Term Capital Lease Obligation : $0.06 Mil (As of Mar. 2024)

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What is Condor Energies Long-Term Capital Lease Obligation?

Condor Energies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.06 Mil.

Condor Energies's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($0.07 Mil) but then declined from Dec. 2023 ($0.07 Mil) to Mar. 2024 ($0.06 Mil).

Condor Energies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.07 Mil) but then declined from Dec. 2022 ($0.07 Mil) to Dec. 2023 ($0.07 Mil).

Condor Energies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Condor Energies'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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Condor Energies Long-Term Capital Lease Obligation Chart

Condor Energies Annual Data

Trend

Dec14

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Dec16

Dec17

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Dec23

Long-Term Capital Lease Obligation

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0.07

Condor Energies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.06	0.04	-	0.07	0.06

Condor Energies (OTCPK:CNPRF) 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.

Condor Energies Long-Term Capital Lease Obligation Related Terms

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Condor Energies (Condor Energies) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Condor Energies Inc (OTCPK:CNPRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WQ6:Germany CDR:Canada

Address

521-3rd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 3T3

Website

https://www.condorenergies.ca

Condor Energies Inc is an internationally-focused, publicly traded energy company with conventional natural gas and natural gas liquids (condensate) production and sales in Turkey and other energy related initiatives in Central Asia. The company operates in Kazakhstan, and Uzbekistan.

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