HKN (HKNI) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2016)

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What is HKN Long-Term Capital Lease Obligation?

HKN's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2016 was $0.00 Mil.

HKN's annual Long-Term Capital Lease Obligation declined from Dec. 2014 ($0.16 Mil) to Dec. 2015 ($0.00 Mil) but then stayed the same from Dec. 2015 ($0.00 Mil) to Dec. 2016 ($0.00 Mil).

HKN Long-Term Capital Lease Obligation Historical Data

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

HKN Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.16

HKN Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

HKN (OTCPK:HKNI) 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.

HKN Long-Term Capital Lease Obligation Related Terms

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HKN (HKNI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

180 State Street, Suite 200, Southlake, TX, USA, 76092

Website

http://www.hkninc.com

HKN Inc is an independent energy company. The company is engaged in the production of oil and gas. It has one reportable segment which consists of investment in BriteWater International, Inc (BWI). The segment owns a patented oilfield emulsion breaking technology. BWI's technology is a process that assists in oilfield emulsions by breaking and separating the emulsions into oil, water, and solids, thereby reducing the environmental impact and disposal costs of the waste materials while recovering valuable oil.

Executives

Mikel D Faulkner	director, officer: President and CEO	180 STATE STREET 200, SOUTHLAKE TX 76092
Denny James W Iii	other: Officer/EE of 100% owned sub	675 BERING DRIVE, SUITE 100, HOUSTON TX 77057

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