Coelacanth Energy (TSXV:CEI) Long-Term Capital Lease Obligation : C$0.80 Mil (As of Dec. 2023)

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What is Coelacanth Energy Long-Term Capital Lease Obligation?

Coelacanth Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.80 Mil.

Coelacanth Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$1.02 Mil) to Sep. 2023 (C$0.91 Mil) and declined from Sep. 2023 (C$0.91 Mil) to Dec. 2023 (C$0.80 Mil).

Coelacanth Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.51 Mil) to Dec. 2022 (C$0.45 Mil) but then increased from Dec. 2022 (C$0.45 Mil) to Dec. 2023 (C$0.80 Mil).

Coelacanth Energy Long-Term Capital Lease Obligation Historical Data

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

Coelacanth Energy Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.51

0.45

0.80

Coelacanth Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.45	1.13	1.02	0.91	0.80

Coelacanth Energy (TSXV:CEI) 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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Coelacanth Energy (TSXV:CEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coelacanth Energy Inc (TSXV:CEI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CEIEF:USA

Address

530-8th Avenue SW, Suite 2110, Calgary, AB, CAN, T2P 3S8

Website

https://www.coelacanth.ca

Coelacanth Energy Inc is a Montney-focused oil and natural gas exploration and development company, actively engaged in the acquisition ,development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada with lands located in the Two Rivers area of northeastern British Columbia. Coelacanth owns approximately 140 (net) sections of Montney acreage in the Two Rivers and surrounding area and has identified approximately 8.9 billion bbls of Original Oil in Place (OOIP) and 8.6 tcf of Original Gas in Place across these lands.

Executives

Nolan Gregory Chicoine	Senior Officer
Peter James Roy Cochrane	Senior Officer
Jody Denis	Senior Officer
Harvey Doerr	Director
John Nandor Fur	Senior Officer
William Lancaster	Director
Tom Medvedic	Director
Robert John Zakresky	Senior Officer