GeoPark (GeoPark) Long-Term Capital Lease Obligation : $23.4 Mil (As of Dec. 2023)

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What is GeoPark Long-Term Capital Lease Obligation?

GeoPark's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $23.4 Mil.

GeoPark's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($25.5 Mil) to Sep. 2023 ($25.5 Mil) and declined from Sep. 2023 ($25.5 Mil) to Dec. 2023 ($23.4 Mil).

GeoPark's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($12.5 Mil) to Dec. 2022 ($22.1 Mil) and increased from Dec. 2022 ($22.1 Mil) to Dec. 2023 ($23.4 Mil).

GeoPark Long-Term Capital Lease Obligation Historical Data

The historical data trend for GeoPark'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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GeoPark Long-Term Capital Lease Obligation Chart

GeoPark Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.80

11.46

12.51

22.05

23.39

GeoPark Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															22.05	23.07	25.54	25.47	23.39

GeoPark (NYSE:GPRK) 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.

GeoPark Long-Term Capital Lease Obligation Related Terms

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GeoPark (GeoPark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GeoPark Ltd (NYSE:GPRK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

G6O:Germany GPRK34:Brazil

Address

Calle 94 No 11 - 30, floors 8, 9, 10, Bogota, COL

Website

http://www.geo-park.com

GeoPark Ltd is a Latin American oil and gas exploration and production company with assets in Colombia, Ecuador, Chile, Brazil and Argentina. The company generates revenue from the sale of crude oil, condensate and natural gas net of value-added tax and discounts related to the sale and overriding royalties due to the ex-owners of oil and gas properties where the royalty arrangements represent a retained working interest in the property.

Executives

Manchester Financial Group, Lp	10 percent owner	ONE MARKET PLACE, 33RD FLOOR, SAN DIEGO CA 92101
Manchester Financial Group, Inc.	10 percent owner	101 ASH STREET, SUITE 1900, SAN DIEGO CA 92101