FRHLF (Freehold Royalties) Long-Term Capital Lease Obligation : $0.9 Mil (As of Sep. 2024)

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What is Freehold Royalties Long-Term Capital Lease Obligation?

Freehold Royalties's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.9 Mil.

Freehold Royalties's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($1.0 Mil) to Jun. 2024 ($1.0 Mil) and declined from Jun. 2024 ($1.0 Mil) to Sep. 2024 ($0.9 Mil).

Freehold Royalties's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.3 Mil) to Dec. 2022 ($1.1 Mil) and declined from Dec. 2022 ($1.1 Mil) to Dec. 2023 ($1.0 Mil).

Freehold Royalties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Freehold Royalties'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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Freehold Royalties Long-Term Capital Lease Obligation Chart

Freehold Royalties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.43

1.34

1.27

1.12

1.03

Freehold Royalties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.07	1.03	0.99	0.95	0.93

Freehold Royalties (OTCPK:FRHLF) 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.

Freehold Royalties Long-Term Capital Lease Obligation Related Terms

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Freehold Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Freehold Royalties Ltd (OTCPK:FRHLF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

0UWL:UK 1FH:Germany FRU:Canada

Address

517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8

Website

https://www.freeholdroyalties.com

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville, and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The maximum revenue is generated from the Canada Segment.