ESOA (Energy Services of America) Long-Term Capital Lease Obligation : $1.4 Mil (As of Mar. 2025)

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What is Energy Services of America Long-Term Capital Lease Obligation?

Energy Services of America's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $1.4 Mil.

Energy Services of America's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($1.6 Mil) to Dec. 2024 ($1.5 Mil) and declined from Dec. 2024 ($1.5 Mil) to Mar. 2025 ($1.4 Mil).

Energy Services of America's annual Long-Term Capital Lease Obligation increased from Sep. 2022 ($1.0 Mil) to Sep. 2023 ($2.3 Mil) but then declined from Sep. 2023 ($2.3 Mil) to Sep. 2024 ($1.6 Mil).

Energy Services of America Long-Term Capital Lease Obligation Historical Data

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

Energy Services of America Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Long-Term Capital Lease Obligation

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1.02

2.28

1.63

Energy Services of America Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.50	1.37	1.63	1.52	1.38

Energy Services of America (NAS:ESOA) 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.

Energy Services of America Long-Term Capital Lease Obligation Related Terms

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Energy Services of America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Energy Services of America Corp (NAS:ESOA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

75 West 3rd Avenue, Huntington, WV, USA, 25701

Website

https://www.energyservicesofamerica.com

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is predominantly engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical, and automotive industries and does incidental work such as water and sewer projects. Energy Service's other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services, and other services related to pipeline construction.

Executives

Charles P. Crimmel	officer: Chief Financial Officer	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Patrick J Farrell	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Mark Prince	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Marshall T Reynolds	director, 10 percent owner, officer: Chairman, CEO and Secretary	2450 FIRST AVENUE, HUNTINGTON WV 25704
Frank S Lucente	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Jack M Reynolds	director, 10 percent owner, officer: President and CFO	2450 FIRST AVENUE, HUNTINGTON WV 25703
Samuel G Kapourales	director	C/O ENERGY SERVICES OF AMERICA CORP., 75 WEST 3RD AVE., HUNTINGTON WV 25701
Joseph L Williams	director	2450 FIRST AVENUE, HUNTINGTON WV 25703
Douglas V Reynolds	10 percent owner	900 OLD FREEPORT ROAD, PITTSBURGH PA 15238
Brian Pratt	10 percent owner	5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225
Amy E Abraham	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Riddle Robert Neil Jr	officer: Chief Operating Officer	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Bruce H. Elliott	director	100 INDUSTRIAL LANE, HUNTINGTON WV 25702
Daniel Mannes	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Keith F Molihan	director	533 TOWNSHIP RAOD 1185, IRONTON OH 45638