Wolf Energy Services (Wolf Energy Services) Long-Term Capital Lease Obligation : $0.21 Mil (As of Jun. 2023)

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

Wolf Energy Services's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.21 Mil.

Wolf Energy Services's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.25 Mil) to Mar. 2023 ($0.23 Mil) and declined from Mar. 2023 ($0.23 Mil) to Jun. 2023 ($0.21 Mil).

Wolf Energy Services's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Mar. 2022 ($0.17 Mil) and increased from Mar. 2022 ($0.17 Mil) to Mar. 2023 ($0.23 Mil).

Wolf Energy Services Long-Term Capital Lease Obligation Historical Data

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

Wolf Energy Services Annual Data

Trend

Mar22

Mar23

Long-Term Capital Lease Obligation

0.17

0.23

Wolf Energy Services Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	0.01	0.25	0.23	0.21

Wolf Energy Services (OTCPK:WOEN) 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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Wolf Energy Services (Wolf Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wolf Energy Services Inc (OTCPK:WOEN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

408 State Highway 135N, Kilgore, TX, USA, 75662

Website

https://www.wolf-energy.com

Wolf Energy Services Inc, through its wholly-owned subsidiary, provides transportation of frac sand and logistics services to hydraulic fracturing and drilling operations. Capstone procures and finances equipment for oilfield transportation service contractors. It operates in the transportation and logistics services business serving hydraulic fracking companies and assisting in their operations through Banner. The Company operates through Banner Midstream which has two operating subsidiaries: Pinnacle Frac Transport LLC and Capstone Equipment Leasing LLC.

Executives

Jay M. Puchir	officer: CEO & President of Subsidiary	3333 PINNACLE HILLS PARKWAY, SUITE 220, ROGERS AR 72758
Jimmy Ray Galla	director, officer: CEO and CFO	408 STATE HWY 135N, KILGORE TX 75662
Ecoark Holdings, Inc.	10 percent owner	303 PEARL PARKWAY SUITE 200, SAN ANTONIO TX 78215
Jimmy Don Reedy	director	303 PEARL PARKWAY, SUITE 200, SAN ANTONIO TX 78215
Raynard Veldman	director	2011 ROYAL CREST, MANSFIELD TX 76063
Adele Dibella	10 percent owner	3500 BAYVIEW DRIVE, FT. LAUDERDALE FL 33308
John Dibella	director, officer: Chief Executive Officer	821 NW 57TH PLACE, FORT LAUDERDALE FL 33309
Alberto Dibella	director, 10 percent owner, officer: Chief Executive Officer	3500 BAYVIEW DRIVE, FORT LAUDERDALE FL 33301

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