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Gordon Creek Energy (FRA:M2Y1) Long-Term Capital Lease Obligation : €0.00 Mil (As of Oct. 2015)


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What is Gordon Creek Energy Long-Term Capital Lease Obligation?

Gordon Creek Energy's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2015 was €0.00 Mil.


Gordon Creek Energy Long-Term Capital Lease Obligation Historical Data

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

Gordon Creek Energy Annual Data
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Long-Term Capital Lease Obligation
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Gordon Creek Energy Quarterly Data
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Gordon Creek Energy  (FRA:M2Y1) 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.

Gordon Creek Energy Long-Term Capital Lease Obligation Related Terms

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Gordon Creek Energy (FRA:M2Y1) Business Description

Industry
Traded in Other Exchanges
N/A
Address
734, 7th Avenue South West, Suite 1350, Calgary, AB, CAN, T2P 3P8
Gordon Creek Energy Inc is engaged in the acquisition, exploration, development, and production of oil and natural gas properties located in the United States of America. Its projects include Gordon Creek Property; and Weston County.

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