Foothills Exploration (Foothills Exploration) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2019)

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What is Foothills Exploration Long-Term Capital Lease Obligation?

Foothills Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil.

Foothills Exploration's quarterly Long-Term Capital Lease Obligation declined from Mar. 2019 ($0.08 Mil) to Jun. 2019 ($0.05 Mil) and declined from Jun. 2019 ($0.05 Mil) to Sep. 2019 ($0.00 Mil).

Foothills Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Foothills Exploration'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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Foothills Exploration Long-Term Capital Lease Obligation Chart

Foothills Exploration Annual Data

Trend

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Long-Term Capital Lease Obligation

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Foothills Exploration Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.08	0.05	-

Foothills Exploration (OTCPK:FTXP) 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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Foothills Exploration (Foothills Exploration) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Foothills Exploration Inc (OTCPK:FTXP) » Definitions » Long-Term Capital Lease Obligation

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Address

2660 Townsgate Road, Suite 800, Westlake Village, CA, USA, 91361

Website

https://www.foothillspetro.com

Foothills Exploration Inc is an independent oil and gas exploration and production company. It engages in the acquisition and development of oil and natural gas properties. The firm is actively focused on acquiring producing and developmental properties in the Rockies and Gulf Coast regions. Its projects include Wind River Basin, Stagecoach Project, and Altamont-Bluebell Project.