Granite Ridge Resources (FRA:Y60) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)

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What is Granite Ridge Resources Long-Term Capital Lease Obligation?

Granite Ridge Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.

Granite Ridge Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Granite Ridge Resources'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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Granite Ridge Resources Long-Term Capital Lease Obligation Chart

Granite Ridge Resources Annual Data

Trend

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Long-Term Capital Lease Obligation

Granite Ridge Resources Quarterly Data
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Granite Ridge Resources (FRA:Y60) 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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Granite Ridge Resources (FRA:Y60) Business Description

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GRNT:USA

Address

5217 McKinney Avenue, Suite 400, Dallas, TX, USA, 75205

Website

https://www.graniteridge.com

Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific US basins in partnership with proven operators.

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