Gulf Keystone Petroleum (Gulf Keystone Petroleum) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Gulf Keystone Petroleum Long-Term Capital Lease Obligation?

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

Gulf Keystone Petroleum's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.3 Mil) to Jun. 2023 ($0.2 Mil) and declined from Jun. 2023 ($0.2 Mil) to Dec. 2023 ($0.0 Mil).

Gulf Keystone Petroleum's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.8 Mil) to Dec. 2022 ($0.3 Mil) and declined from Dec. 2022 ($0.3 Mil) to Dec. 2023 ($0.0 Mil).

Gulf Keystone Petroleum Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gulf Keystone Petroleum'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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Gulf Keystone Petroleum Long-Term Capital Lease Obligation Chart

Gulf Keystone Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.06

0.79

0.33

0.04

Gulf Keystone Petroleum Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.79	0.48	0.33	0.19	0.04

Gulf Keystone Petroleum (OTCPK:GFKSY) 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.

Gulf Keystone Petroleum Long-Term Capital Lease Obligation Related Terms

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Gulf Keystone Petroleum (Gulf Keystone Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Keystone Petroleum Ltd (OTCPK:GFKSY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GUKYF:USA GKPl:UK GKP:UK GVP1:Germany

Address

C/o Coson Corporate Services Limited, 41 Cedar Avenue, Cedar House, 3rd Floor, Hamilton, BMU, HM12

Website

https://www.gulfkeystone.com

Gulf Keystone Petroleum Ltd is a holding company, which is engaged in oil and gas exploration and production. It mainly operates in the Kurdistan Region of Iraq, the Republic of Algeria, and Others. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks, and the Erbil office, which provides support to the operations in Kurdistan. It generates its revenues from the sale of oil.

Gulf Keystone Petroleum (Gulf Keystone Petroleum) Headlines

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