Gran Tierra Energy (TSX:GTE) Long-Term Capital Lease Obligation : C$36.5 Mil (As of Mar. 2024)

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What is Gran Tierra Energy Long-Term Capital Lease Obligation?

Gran Tierra Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$36.5 Mil.

Gran Tierra Energy's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$32.3 Mil) to Dec. 2023 (C$35.6 Mil) and increased from Dec. 2023 (C$35.6 Mil) to Mar. 2024 (C$36.5 Mil).

Gran Tierra Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$1.8 Mil) to Dec. 2022 (C$28.1 Mil) and increased from Dec. 2022 (C$28.1 Mil) to Dec. 2023 (C$35.6 Mil).

Gran Tierra Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gran Tierra 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.

* Premium members only.

Gran Tierra Energy Long-Term Capital Lease Obligation Chart

Gran Tierra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.66

3.71

1.84

28.09

35.62

Gran Tierra Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															28.92	32.85	32.30	35.62	36.46

Gran Tierra Energy (TSX:GTE) 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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Gran Tierra Energy (TSX:GTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gran Tierra Energy Inc (TSX:GTE) » Definitions » Long-Term Capital Lease Obligation

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GTE:USA GTE:UK G1P0:Germany

Address

500 Centre Street South East, Calgary, AB, CAN, T2G 1A6

Website

https://www.grantierra.com

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.

Executives

Ronald William Royal

Director