Razor Energy (Razor Energy) Long-Term Capital Lease Obligation : $0.91 Mil (As of Sep. 2023)

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What is Razor Energy Long-Term Capital Lease Obligation?

Razor Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.91 Mil.

Razor Energy's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($1.41 Mil) to Jun. 2023 ($1.52 Mil) but then declined from Jun. 2023 ($1.52 Mil) to Sep. 2023 ($0.91 Mil).

Razor Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.30 Mil) to Dec. 2021 ($0.34 Mil) and increased from Dec. 2021 ($0.34 Mil) to Dec. 2022 ($1.48 Mil).

Razor Energy Long-Term Capital Lease Obligation Historical Data

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

Razor Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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2.12

2.33

0.30

0.34

1.48

Razor Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.20	1.48	1.41	1.52	0.91

Razor Energy (OTCPK:RZREF) 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.

Razor Energy Long-Term Capital Lease Obligation Related Terms

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Razor Energy (Razor Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Razor Energy Corp (OTCPK:RZREF) » Definitions » Long-Term Capital Lease Obligation

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R9N:Germany RZE:Canada

Address

500-5th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 3L5

Website

https://www.razor-energy.com

Razor Energy Corp is a junior oil and gas development and production company. The company is focused on the acquisition and production of oil and gas properties in Alberta. It is involved in the production and development of light oil in Swan Hills Beaverhill Lake and Kaybob Triassic Montney formations.