Orca Energy Group (TSXV:ORC.B) Long-Term Capital Lease Obligation : C$0.6 Mil (As of Dec. 2023)

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What is Orca Energy Group Long-Term Capital Lease Obligation?

Orca Energy Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.6 Mil.

Orca Energy Group's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (C$0.0 Mil) to Sep. 2023 (C$0.0 Mil) but then increased from Sep. 2023 (C$0.0 Mil) to Dec. 2023 (C$0.6 Mil).

Orca Energy Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.2 Mil) to Dec. 2022 (C$0.0 Mil) but then increased from Dec. 2022 (C$0.0 Mil) to Dec. 2023 (C$0.6 Mil).

Orca Energy Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Orca Energy Group'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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Orca Energy Group Long-Term Capital Lease Obligation Chart

Orca Energy Group Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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1.49

0.54

0.23

0.02

0.61

Orca Energy Group 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															0.02	0.01	-	-	0.61

Orca Energy Group (TSXV:ORC.B) 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.

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Orca Energy Group (TSXV:ORC.B) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Orca Energy Group Inc (TSXV:ORC.B) » Definitions » Long-Term Capital Lease Obligation

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ORXGF:USA E9NB:Germany ORC.A:Canada

Address

Haile Selassie Road, Oyster Plaza Building, 5th Floor, P.O. Box 80139, Dar es Salaam, TZA

Website

https://www.orcaenergygroup.com

Orca Energy Group Inc produces and sells natural gas to the power and industrial sectors in Tanzania. The company delivers gas to TPDC through a long-term gas sales agreement to the TPDC-operated National Natural Gas Infrastructure on Songo Songo Island where the natural gas is processed before being transported to Dar es Salaam for power and industrial use. In addition to gas supplied to TPDC, Songas, and TANESCO for the generation of power, the company has developed and supplied an industrial gas market in the Dar es Salaam area.

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