Savannah Energy (LSE:SAVE) Long-Term Capital Lease Obligation : £2.5 Mil (As of Jun. 2023)

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What is Savannah Energy Long-Term Capital Lease Obligation?

Savannah Energy's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £2.5 Mil.

Savannah Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (£3.7 Mil) to Dec. 2022 (£2.8 Mil) and declined from Dec. 2022 (£2.8 Mil) to Jun. 2023 (£2.5 Mil).

Savannah Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (£5.3 Mil) to Dec. 2021 (£4.0 Mil) and declined from Dec. 2021 (£4.0 Mil) to Dec. 2022 (£2.8 Mil).

Savannah Energy Long-Term Capital Lease Obligation Historical Data

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

Savannah Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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3.78

5.25

3.99

2.84

Savannah Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														4.53	3.99	3.70	2.84	2.53

Savannah Energy (LSE:SAVE) 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.

Savannah Energy Long-Term Capital Lease Obligation Related Terms

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Savannah Energy (LSE:SAVE) Business Description

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Address

40 Bank Street, London, GBR, E14 5NR

Website

https://www.savannah-energy.com

Savannah Energy PLC is an energy producer in Nigeria and, via its controlling interest in the Accugas midstream business. It currently provides gas to power stations accounting for over 10% of Nigeria's power generation capacity and operates privately-owned gas transportation and distribution systems in sub-Saharan Africa. In Niger, it is focused on developing its flagship assets in the prolific Agadem Rift Basin, with plans to deliver the first oil in the near term. Its geographical segments are Nigeria, Cameroon, and Niger. It generates the majority of its revenue from Nigeria.