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ACP Energy (FRA:DU5) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2022)


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What is ACP Energy Long-Term Capital Lease Obligation?

ACP Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was €0.00 Mil.


ACP Energy Long-Term Capital Lease Obligation Historical Data

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

ACP Energy Annual Data
Trend
Long-Term Capital Lease Obligation

ACP Energy Semi-Annual Data
Dec21 Dec22
Long-Term Capital Lease Obligation - -

ACP Energy  (FRA:DU5) 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.

ACP Energy Long-Term Capital Lease Obligation Related Terms

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ACP Energy (FRA:DU5) Business Description

Traded in Other Exchanges
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Address
21 High Street, Lutterworth, GBR, LE17 4AT
ACP Energy PLC was formed to acquire one or more target companies or businesses. The resulting investment may be in a company, partnership, special purpose vehicle or joint venture. It will focus on opportunities within the upstream oil and gas industry, such as exploration, appraisal, development or production of oil and gas, particularly projects with identified oil and/or natural gas reserves and/or resources.

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