Swala Oil & Gas (Tanzania) (DAR:SWALA) Long-Term Capital Lease Obligation : TZS0.00 Mil (As of . 20)

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What is Swala Oil & Gas (Tanzania) Long-Term Capital Lease Obligation?

Swala Oil & Gas (Tanzania)'s Long-Term Capital Lease Obligation for the quarter that ended in . 20 was TZS0.00 Mil.

Swala Oil & Gas (Tanzania) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Swala Oil & Gas (Tanzania)'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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Swala Oil & Gas (Tanzania) Long-Term Capital Lease Obligation Chart

Swala Oil & Gas (Tanzania) Annual Data

Trend

Long-Term Capital Lease Obligation

Swala Oil & Gas (Tanzania) Semi-Annual Data

Long-Term Capital Lease Obligation

Swala Oil & Gas (Tanzania) (DAR:SWALA) 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.

Swala Oil & Gas (Tanzania) Long-Term Capital Lease Obligation Related Terms

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Swala Oil & Gas (Tanzania) (DAR:SWALA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Swala Oil & Gas (Tanzania) PLC (DAR:SWALA) » Definitions » Long-Term Capital Lease Obligation

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Address

Haile Selassie Road, 2nd Floor, Oyster Plaza, P.O. Box 105266, Plot No. 1196 - Oysterbay, Dar es Salaam, TZA

Website

http://www.swalaoilandgas.com

Swala Oil & Gas (Tanzania) PLC is an oil and gas company. The company is engaged in the exploration of oil and gas reserves with assets in Tanzania and Burundi and an active growth programme in both Africa and elsewhere. Its current exploration licences are the Kilosa-Kilombero licence in Tanzania and Block D in Burundi.

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