IFRTF (International Frontier Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2024)

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What is International Frontier Resources Long-Term Capital Lease Obligation?

International Frontier Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil.

International Frontier Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for International Frontier 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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International Frontier Resources Long-Term Capital Lease Obligation Chart

International Frontier Resources Annual Data

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Long-Term Capital Lease Obligation

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International Frontier Resources Quarterly Data
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International Frontier Resources (OTCPK:IFRTF) 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.

International Frontier Resources Long-Term Capital Lease Obligation Related Terms

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International Frontier Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Frontier Resources Corp (OTCPK:IFRTF) » Definitions » Long-Term Capital Lease Obligation

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IFR:Canada

Address

396 11th Avenue S.W, Suite 1320, Calgary, AB, CAN, T2R 0C5

Website

https://www.internationalfrontier.com

International Frontier Resources Corp is engaged in the exploration and development of oil and natural gas reserves. It acquires, develops, exploits, and produces oil and natural gas in Mexico, Northwest Territories, Canada, Tecolutla Contract Mexico, and in northwest Montana in the United States. It operates in Canada and Mexico's geographical segments. It generates the majority of its revenue from Canada.

International Frontier Resources Headlines

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