Genel Energy (Genel Energy) Long-Term Capital Lease Obligation : $0.50 Mil (As of Dec. 2023)

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What is Genel Energy Long-Term Capital Lease Obligation?

Genel Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.50 Mil.

Genel Energy's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.20 Mil) to Jun. 2023 ($0.00 Mil) but then increased from Jun. 2023 ($0.00 Mil) to Dec. 2023 ($0.50 Mil).

Genel Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($4.90 Mil) to Dec. 2022 ($1.20 Mil) and declined from Dec. 2022 ($1.20 Mil) to Dec. 2023 ($0.50 Mil).

Genel Energy Long-Term Capital Lease Obligation Historical Data

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

Genel Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.20

6.80

4.90

1.20

0.50

Genel Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.90	-	1.20	-	0.50

Genel Energy (OTCPK:GEGYF) 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.

Genel Energy Long-Term Capital Lease Obligation Related Terms

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Genel Energy (Genel Energy) Business Description

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GENLl:UK GENL:UK 4VL:Germany

Address

Fifth Floor, 36 Broadway, Victoria, London, GBR, SW1H 0BH

Website

https://www.genelenergy.com

Genel Energy PLC produces oil and gas primarily in the Kurdistan region of Iraq. The Company has two reportable business segments: Production and Pre-production. Capital allocation decisions for the production segment are considered in the context of the cash flows expected from the production and sale of crude oil. The production segment is comprised of the producing fields on the Tawke PSC , the Taq Taq PSC and the Sarta PSC which are located in the KRI and make sales predominantly to the KRG. The pre-production segment is comprised of discovered resource held under the Qara Dagh PSC, the Bina Bawi PSC and the Miran PSC , all in the KRI and exploration activity, principally located in Somaliland and Morocco.