Advantage Energy (Advantage Energy) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Advantage Energy Long-Term Capital Lease Obligation?

Advantage Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.

Advantage Energy Long-Term Capital Lease Obligation Historical Data

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

Advantage Energy Annual Data

Trend

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Long-Term Capital Lease Obligation

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1.73

Advantage Energy Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Advantage Energy (OTCPK:AAVVF) 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.

Advantage Energy Long-Term Capital Lease Obligation Related Terms

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Advantage Energy (Advantage Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advantage Energy Ltd (OTCPK:AAVVF) » Definitions » Long-Term Capital Lease Obligation

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9SA0:Germany AAV:Canada

Address

440 - 2nd Avenue SW, Suite 2200, Calgary, AB, CAN, T2P 5E9

Website

https://www.advantageog.com

Advantage Energy Ltd is a Canadian energy company primarily engaged in the extraction of natural gas and liquid resources. The company holds over 145,000 net acres of liquids-rich lands throughout Canada. Advantage Energy Ltd focuses on creating low-cost, low-emission Canadian energy for the world. The company sells crude and medium crude oil as well as conventional natural gas and liquid natural gas. Advantage Energy Ltd plans to grow by utilizing areas with high rate of return targets due to the presence of existing infrastructure capability.

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