Enseco Energy Services (Enseco Energy Services) Long-Term Capital Lease Obligation : $0.76 Mil (As of Jun. 2015)

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What is Enseco Energy Services Long-Term Capital Lease Obligation?

Enseco Energy Services's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2015 was $0.76 Mil.

Enseco Energy Services's quarterly Long-Term Capital Lease Obligation declined from Dec. 2014 ($0.72 Mil) to Mar. 2015 ($0.00 Mil) but then increased from Mar. 2015 ($0.00 Mil) to Jun. 2015 ($0.76 Mil).

Enseco Energy Services's annual Long-Term Capital Lease Obligation increased from Mar. 2012 ($0.00 Mil) to Dec. 2013 ($0.44 Mil) and increased from Dec. 2013 ($0.44 Mil) to Dec. 2014 ($0.72 Mil).

Enseco Energy Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Enseco Energy Services'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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Enseco Energy Services Long-Term Capital Lease Obligation Chart

Enseco Energy Services Annual Data

Trend

Mar07

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Dec14

Long-Term Capital Lease Obligation

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0.44

0.72

Enseco Energy Services Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.72	-	0.76

Enseco Energy Services (OTCPK:ENSRF) 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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Enseco Energy Services (Enseco Energy Services) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enseco Energy Services Corp (OTCPK:ENSRF) » Definitions » Long-Term Capital Lease Obligation

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Address

138 - 4th Avenue SE, Suite 800, Calgary, AB, CAN, T2G 4Z6

Website

http://www.enseco.ca

Enseco Energy Services Corp is primarily involved in the exploration of oil and natural resource business activities. It also involved in directional and horizontal drilling, production and frac flow backtesting. The company operates in two regions namely Western Canadian Sedimentary Basin and select markets in the United States of America (USA). It derives most of its revenues from the sale of the exploration business and has operations spread across Canada.

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