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Black Mountain Energy (ASX:BME) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Jun. 2023)


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What is Black Mountain Energy Long-Term Capital Lease Obligation?

Black Mountain Energy's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil.

Black Mountain Energy's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (A$0.00 Mil) to Dec. 2022 (A$0.08 Mil) but then declined from Dec. 2022 (A$0.08 Mil) to Jun. 2023 (A$0.00 Mil).

Black Mountain Energy's annual Long-Term Capital Lease Obligation stayed the same from . 20 (A$0.00 Mil) to . 20 (A$0.00 Mil) but then increased from . 20 (A$0.00 Mil) to Dec. 2022 (A$0.08 Mil).

Black Mountain Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Black Mountain 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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Black Mountain Energy Long-Term Capital Lease Obligation Chart

Black Mountain Energy Annual Data
Trend Dec22
Long-Term Capital Lease Obligation
0.08

Black Mountain Energy Semi-Annual Data
Dec21 Jun22 Dec22 Jun23
Long-Term Capital Lease Obligation - - 0.08 -

Black Mountain Energy  (ASX:BME) 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.

Black Mountain Energy Long-Term Capital Lease Obligation Related Terms

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Black Mountain Energy (ASX:BME) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Mountain Energy Ltd (ASX:BME) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
225 St Georges Terrace, Level 14, Perth, WA, AUS, 6000
Website
https://www.blackmountainenergy.com
Black Mountain Energy Ltd is an energy and resources company focused on identifying, developing, and operating projects in hydrocarbon-rich basins. It is involved in the acquisition and development of natural resource projects and exploration for, and production of oil and gas. The firm is involved in the Valhalla Project located in the north of Perth.