Simba Essel Energy (Simba Essel Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2019)

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What is Simba Essel Energy Long-Term Capital Lease Obligation?

Simba Essel Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2019 was $0.00 Mil.

Simba Essel Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Simba Essel 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.
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Simba Essel Energy Long-Term Capital Lease Obligation Chart

Simba Essel Energy Annual Data

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Long-Term Capital Lease Obligation

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Simba Essel Energy Quarterly Data
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Simba Essel Energy (OTCPK:SMBZF) 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.

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Simba Essel Energy (Simba Essel Energy) Business Description

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

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Address

905 West Pender Street, Suite 210, Vancouver, BC, CAN, V6C 1L6

Website

http://www.simbaenergy.ca

Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.

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