ARSLF (Altima Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2024)

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What is Altima Energy Long-Term Capital Lease Obligation?

Altima Energy's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.00 Mil.

Altima Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Altima 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.

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Altima Energy Long-Term Capital Lease Obligation Chart

Altima Energy Annual Data

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Long-Term Capital Lease Obligation

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Altima Energy Quarterly Data
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Altima Energy (OTCPK:ARSLF) 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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ARH:Canada

Address

595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website

https://www.altimaenergy.com

Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.