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Jericho Energy Ventures (TSXV:JEV) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2024)


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What is Jericho Energy Ventures Long-Term Capital Lease Obligation?

Jericho Energy Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil.


Jericho Energy Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jericho Energy Ventures'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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Jericho Energy Ventures Long-Term Capital Lease Obligation Chart

Jericho Energy Ventures Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Jericho Energy Ventures Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Jericho Energy Ventures  (TSXV:JEV) 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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Jericho Energy Ventures Business Description

Industry
Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 2100, PO BOX 11110, STN Royal Centre, Vancouver, BC, CAN, V6E 3P3
Jericho Energy Ventures Inc is a crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. The company also focuses on advancing the low-carbon energy transition with investments in hydrogen technologies, and new energy systems.
Executives
Michael Graves 10% Security Holder
Allen W Wilson Director
Brian Williamson Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

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