AAFGF (Anglo African Oil & Gas) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2021)

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What is Anglo African Oil & Gas Long-Term Capital Lease Obligation?

Anglo African Oil & Gas's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.00 Mil.

Anglo African Oil & Gas Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anglo African Oil & Gas'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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Anglo African Oil & Gas Long-Term Capital Lease Obligation Chart

Anglo African Oil & Gas Annual Data

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Long-Term Capital Lease Obligation

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Anglo African Oil & Gas Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Anglo African Oil & Gas (GREY:AAFGF) 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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Anglo African Oil & Gas Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anglo African Oil & Gas PLC (GREY:AAFGF) » Definitions » Long-Term Capital Lease Obligation

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Address

12 Berkeley Street, London, GBR, W1J 8DT

Website

https://www.aaog.com

Anglo African Oil & Gas PLC is currently seeking new business opportunities, formerly it offered services related to oil exploration to its subsidiary. Its project included Tilapia field an offshore of the Republic of the Congo, located in the Lower Republic of the Congo Basin.

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