Husky Energy (TSX:HSE) Long-Term Capital Lease Obligation : C$1,322 Mil (As of Sep. 2020)

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What is Husky Energy Long-Term Capital Lease Obligation?

Husky Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was C$1,322 Mil.

Husky Energy's quarterly Long-Term Capital Lease Obligation declined from Mar. 2020 (C$1,357 Mil) to Jun. 2020 (C$1,338 Mil) and declined from Jun. 2020 (C$1,338 Mil) to Sep. 2020 (C$1,322 Mil).

Husky Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2017 (C$498 Mil) to Dec. 2018 (C$467 Mil) but then increased from Dec. 2018 (C$467 Mil) to Dec. 2019 (C$1,353 Mil).

Husky Energy Long-Term Capital Lease Obligation Historical Data

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

Husky Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Long-Term Capital Lease Obligation

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266.00

288.00

498.00

467.00

1,353.00

Husky Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,352.00	1,353.00	1,357.00	1,338.00	1,322.00

Husky Energy (TSX:HSE) 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.

Husky Energy Long-Term Capital Lease Obligation Related Terms

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Husky Energy (TSX:HSE) Business Description

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Address

707, 8th Avenue S.W, PO Box 6525, Station D, Calgary, AB, CAN, T2P 1H5

Website

https://www.huskyenergy.com

Husky Energy is one of Canada's largest integrated energy companies, operating in western Canada, the United States, and the Asia-Pacific and Atlantic regions. The upstream portfolio includes light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. Husky's heavy oil and oil sands production are supported by two integrated downstream and midstream value chains. Production averaged 290,000 barrels of oil equivalent per day in 2019, and Husky estimates that it holds approximately 2.1 billion boe of proven and probable crude oil and natural gas reserves.

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