Allied Energy (Allied Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Allied Energy Long-Term Capital Lease Obligation?

Allied Energy's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Allied Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Allied 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.
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Allied Energy Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation

Allied Energy (OTCPK:AGGI) 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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Allied Energy (Allied Energy) Business Description

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Address

17700 Castleton Street, Suite 318, City of Industry, CA, USA, 91748

Website

http://www.alliedenergy.com

Allied Energy Inc is an energy development and production company acquiring oil & gas reserves in United States. It is specializes in the business of reworking & recompleting existing oil & gas wells located in the thousands of mature oil & gas producing fields across the United States.

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