Source Energy Services (TSX:SHLE) Long-Term Capital Lease Obligation : C$47.8 Mil (As of Mar. 2024)

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What is Source Energy Services Long-Term Capital Lease Obligation?

Source Energy Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$47.8 Mil.

Source Energy Services's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$48.2 Mil) to Dec. 2023 (C$46.4 Mil) but then increased from Dec. 2023 (C$46.4 Mil) to Mar. 2024 (C$47.8 Mil).

Source Energy Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$26.1 Mil) to Dec. 2022 (C$50.7 Mil) but then declined from Dec. 2022 (C$50.7 Mil) to Dec. 2023 (C$46.4 Mil).

Source Energy Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Source Energy Services'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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Source Energy Services Long-Term Capital Lease Obligation Chart

Source Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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40.32

31.29

26.08

50.72

46.42

Source Energy Services 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															48.49	47.60	48.17	46.42	47.80

Source Energy Services (TSX:SHLE) 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.

Source Energy Services Long-Term Capital Lease Obligation Related Terms

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Source Energy Services (TSX:SHLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Energy Services Ltd (TSX:SHLE) » Definitions » Long-Term Capital Lease Obligation

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SCEYF:USA S4O0:Germany

Address

500, 1060 - 7th Street SW, Calgary, AB, CAN, T2R 0C4

Website

https://www.sourceenergyservices.com

Source Energy Services Ltd is a Canada based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system. The geographical segments of the group are the US Operations and Canadian Operations.

Executives

Derren James Newell

Senior Officer

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