MEG Energy (MEG Energy) Long-Term Capital Lease Obligation : $182 Mil (As of Dec. 2023)

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What is MEG Energy Long-Term Capital Lease Obligation?

MEG Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $182 Mil.

MEG Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($164 Mil) to Sep. 2023 ($157 Mil) but then increased from Sep. 2023 ($157 Mil) to Dec. 2023 ($182 Mil).

MEG Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($191 Mil) to Dec. 2022 ($167 Mil) but then increased from Dec. 2022 ($167 Mil) to Dec. 2023 ($182 Mil).

MEG Energy Long-Term Capital Lease Obligation Historical Data

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

MEG Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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196.67

201.42

190.63

167.10

181.87

MEG Energy 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															167.10	162.25	164.08	157.42	181.87

MEG Energy (OTCPK:MEGEF) 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.

MEG Energy Long-Term Capital Lease Obligation Related Terms

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MEG Energy (MEG Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (OTCPK:MEGEF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ME7:Germany MEG:Canada

Address

600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5

Website

https://www.megenergy.com

MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.

MEG Energy (MEG Energy) Headlines

From GuruFocus

Highfields Capital Announces Resignation of Daniel Farb from the Board of Directors of MEG Energy Corp.

By PRNewswire PRNewswire • 07-25-2018