ERHC Energy (ERHC Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2017)

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What is ERHC Energy Long-Term Capital Lease Obligation?

ERHC Energy's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2017 was $0.00 Mil.

ERHC Energy Long-Term Capital Lease Obligation Historical Data

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

ERHC Energy Annual Data

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Long-Term Capital Lease Obligation

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ERHC Energy Quarterly Data
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ERHC Energy (OTCPK:ERHE) 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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ERHC Energy (ERHC Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ERHC Energy Inc (OTCPK:ERHE) » Definitions » Long-Term Capital Lease Obligation

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Address

5444 Westheimer Road, Suite 1440, Houston, TX, USA, 77056

Website

http://www.erhc.com

ERHC Energy Inc is an exploration company engaged in the exploration of oil and gas in Africa. The company also holds working interests in exploration acreage in the Republic of Kenya, the Republic of Chad, the Joint Development Zone between the Democratic Republic of Sao Tome and Príncipe, the Federal Republic of Nigeria, and the exclusive economic zone of Sao Tome and Principe.

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