Cooper Energy (Cooper Energy) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Cooper Energy Long-Term Capital Lease Obligation?

Cooper Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.

Cooper Energy's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.0 Mil) to Jun. 2023 ($6.2 Mil) but then declined from Jun. 2023 ($6.2 Mil) to Dec. 2023 ($0.0 Mil).

Cooper Energy's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($8.3 Mil) to Jun. 2022 ($6.8 Mil) and declined from Jun. 2022 ($6.8 Mil) to Jun. 2023 ($6.2 Mil).

Cooper Energy Long-Term Capital Lease Obligation Historical Data

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

Cooper Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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8.28

8.31

6.76

6.16

Cooper Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	6.76	-	6.16	-

Cooper Energy (OTCPK:COPJF) 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.

Cooper Energy Long-Term Capital Lease Obligation Related Terms

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Cooper Energy (Cooper Energy) Business Description

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CDP:Germany COE:Australia

Address

70 Franklin Street, Level 8, Adelaide, SA, AUS, 5000

Website

https://www.cooperenergy.com.au

Cooper Energy Ltd is an upstream gas and oil exploration and production company whose primary purpose is to secure, find, develop, produce and sell hydrocarbons. It is engaged in the discovery, commercialisation, and sale of gas to southeast Australia and low-cost Cooper Basin oil production. Its segments are Cooper Basin; South-East Australia and Other. The company derives a majority of its revenue from South East Australia. The company projects include Sole Gas and Manta Project in Southeast Australia.