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Tallgrass Energy (FRA:TGV) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2012)


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What is Tallgrass Energy Long-Term Capital Lease Obligation?

Tallgrass Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2012 was €0.00 Mil.


Tallgrass Energy Long-Term Capital Lease Obligation Historical Data

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

Tallgrass Energy Annual Data
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Long-Term Capital Lease Obligation
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Tallgrass Energy Semi-Annual Data
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Tallgrass Energy  (FRA:TGV) 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.

Tallgrass Energy Long-Term Capital Lease Obligation Related Terms

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Tallgrass Energy (FRA:TGV) Business Description

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Tallgrass Energy Corp was incorporated pursuant to the provisions of the Alberta Business Corporations Act on March 10, 2010. On December 31, 2012, the Company amalgamated with Anglo Canadian Oil Corp. The Company is engaged in the exploration, development and production of petroleum and natural gas in the Western Canadian Basin. The Company receives its revenue from the sale of oil, natural gas and natural gas liquids. Other revenue is derived from emulsion processing, treating, saltwater disposal fees charged to third parties as well as well operating fees and road use fees.

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