EEGUF (Empire Energy Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2024)

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What is Empire Energy Group Long-Term Capital Lease Obligation?

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

Empire Energy Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($0.00 Mil) to Dec. 2023 ($0.25 Mil) but then declined from Dec. 2023 ($0.25 Mil) to Jun. 2024 ($0.00 Mil).

Empire Energy Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.28 Mil) to Dec. 2022 ($0.41 Mil) but then declined from Dec. 2022 ($0.41 Mil) to Dec. 2023 ($0.25 Mil).

Empire Energy Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Empire Energy Group'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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Empire Energy Group Long-Term Capital Lease Obligation Chart

Empire Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.13

0.73

0.28

0.41

0.25

Empire Energy Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.41	-	0.25	-

Empire Energy Group (OTCPK:EEGUF) 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.

Empire Energy Group Long-Term Capital Lease Obligation Related Terms

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Empire Energy Group Business Description

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EEG:Australia

Address

6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://empireenergygroup.net

Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin including the Beetaloo Sub-Basin. It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

Empire Energy Group Headlines

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