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Lakes Blue Energy NL (FRA:LKS) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2022)


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What is Lakes Blue Energy NL Long-Term Capital Lease Obligation?

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


Lakes Blue Energy NL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lakes Blue Energy NL'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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Lakes Blue Energy NL Long-Term Capital Lease Obligation Chart

Lakes Blue Energy NL Annual Data
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Long-Term Capital Lease Obligation
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Lakes Blue Energy NL Semi-Annual Data
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Lakes Blue Energy NL  (FRA:LKS) 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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Lakes Blue Energy NL (FRA:LKS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lakes Blue Energy NL (FRA:LKS) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
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Address
24-26 Kent Street, Millers Point, NSW, AUS, 2000
Lakes Blue Energy NL is engaged in the operation and exploration of oil and gas reserves principally in Australia on-shore (Victoria, South Australia, and Queensland), Papua New Guinea (PNG), and the United States of America (USA).

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