Quattro Exploration and Production (Quattro Exploration and Production) Long-Term Capital Lease Obligation : $0.04 Mil (As of Sep. 2016)

View and export this data going back to 2014. Start your Free Trial

What is Quattro Exploration and Production Long-Term Capital Lease Obligation?

Quattro Exploration and Production's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2016 was $0.04 Mil.

Quattro Exploration and Production's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2016 ($0.04 Mil) to Jun. 2016 ($0.04 Mil) but then declined from Jun. 2016 ($0.04 Mil) to Sep. 2016 ($0.04 Mil).

Quattro Exploration and Production's annual Long-Term Capital Lease Obligation declined from Dec. 2013 ($0.37 Mil) to Dec. 2014 ($0.02 Mil) and declined from Dec. 2014 ($0.02 Mil) to Dec. 2015 ($0.01 Mil).

Quattro Exploration and Production Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quattro Exploration and Production'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.

* Premium members only.

Quattro Exploration and Production Long-Term Capital Lease Obligation Chart

Quattro Exploration and Production Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.37

0.02

0.01

Quattro Exploration and Production Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.01	0.01	0.04	0.04	0.04

Quattro Exploration and Production (OTCPK:QEXXF) 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.

Quattro Exploration and Production Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Quattro Exploration and Production's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Quattro Exploration and Production (Quattro Exploration and Production) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Quattro Exploration and Production Ltd (OTCPK:QEXXF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1250, 639-5 Avenue South West, Calgary, AB, CAN, T2P 2T3

Website

http://www.qxp-petro.com

Quattro Exploration and Production Ltd are principally engaged in the business of exploration and development of oil and natural gas reserves in Western Canada and Central America.

Quattro Exploration and Production (Quattro Exploration and Production) Headlines

No Headlines