Surge Energy (Surge Energy) Long-Term Capital Lease Obligation : $13.5 Mil (As of Sep. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Surge Energy Long-Term Capital Lease Obligation?

Surge Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $13.5 Mil.

Surge Energy's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($15.4 Mil) to Jun. 2023 ($14.9 Mil) and declined from Jun. 2023 ($14.9 Mil) to Sep. 2023 ($13.5 Mil).

Surge Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($25.0 Mil) to Dec. 2021 ($18.2 Mil) and declined from Dec. 2021 ($18.2 Mil) to Dec. 2022 ($16.5 Mil).

Surge Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Surge 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.

* Premium members only.

Surge Energy Long-Term Capital Lease Obligation Chart

Surge Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

4.37

29.30

24.98

18.25

16.48

Surge Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															14.07	16.48	15.41	14.86	13.47

Surge Energy (OTCPK:ZPTAF) 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.

Surge Energy Long-Term Capital Lease Obligation Related Terms

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

Surge Energy (Surge Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Surge Energy Inc (OTCPK:ZPTAF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

41Z0:Germany SGY:Canada

Address

520 - 3rd Avenue SW, Centennial Place - East Tower, Suite 1200, Calgary, AB, CAN, T2P 0R3

Website

https://www.surgeenergy.ca

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.

Surge Energy (Surge Energy) Headlines

From GuruFocus

Surge Energy Inc Corporate Analyst Meeting Transcript

By GuruFocus Research • 02-15-2024