PrairieSky Royalty (TSX:PSK) Long-Term Capital Lease Obligation : C$1.3 Mil (As of Mar. 2024)

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What is PrairieSky Royalty Long-Term Capital Lease Obligation?

PrairieSky Royalty's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.3 Mil.

PrairieSky Royalty's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (C$0.0 Mil) to Dec. 2023 (C$0.0 Mil) but then increased from Dec. 2023 (C$0.0 Mil) to Mar. 2024 (C$1.3 Mil).

PrairieSky Royalty's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.9 Mil) to Dec. 2022 (C$0.1 Mil) and declined from Dec. 2022 (C$0.1 Mil) to Dec. 2023 (C$0.0 Mil).

PrairieSky Royalty Long-Term Capital Lease Obligation Historical Data

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

PrairieSky Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.20

1.60

0.90

0.10

PrairieSky Royalty Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	1.30

PrairieSky Royalty (TSX:PSK) 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.

PrairieSky Royalty Long-Term Capital Lease Obligation Related Terms

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PrairieSky Royalty (TSX:PSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (TSX:PSK) » Definitions » Long-Term Capital Lease Obligation

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PREKF:USA 7PS:Germany

Address

350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9

Website

https://www.prairiesky.com

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

Executives

Leanne M. Bellegarde

Director