Conrad Asia Energy (ASX:CRD) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Jun. 2024)

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What is Conrad Asia Energy Long-Term Capital Lease Obligation?

Conrad Asia Energy's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.00 Mil.

Conrad Asia Energy's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$0.19 Mil) but then declined from Dec. 2023 (A$0.19 Mil) to Jun. 2024 (A$0.00 Mil).

Conrad Asia Energy's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Dec. 2022 (A$0.21 Mil) but then declined from Dec. 2022 (A$0.21 Mil) to Dec. 2023 (A$0.19 Mil).

Conrad Asia Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Conrad Asia 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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Conrad Asia Energy Long-Term Capital Lease Obligation Chart

Conrad Asia Energy Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

0.21

0.19

Conrad Asia Energy Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	0.21	-	0.19	-

Conrad Asia Energy (ASX:CRD) 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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Conrad Asia Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Conrad Asia Energy Ltd (ASX:CRD) » Definitions » Long-Term Capital Lease Obligation

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Address

South Quarter Tower A, 15th Floor, Unit H, JI. R.A. Kartini Kav. 8 Cilandak, Jakarta, IDN, 12430

Website

https://www.conradasia.com

Conrad Asia Energy Ltd is engaged in the oil and gas exploration and development business. It's an energy company currently focused on the exploration, appraisal, and development of natural gas projects in Southeast Asia particularly in offshore waters.

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