Efora Energy (JSE:EEL) Long-Term Capital Lease Obligation : R0.00 Mil (As of Aug. 2024)

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What is Efora Energy Long-Term Capital Lease Obligation?

Efora Energy's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was R0.00 Mil.

Efora Energy's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (R0.65 Mil) to Feb. 2024 (R0.17 Mil) and declined from Feb. 2024 (R0.17 Mil) to Aug. 2024 (R0.00 Mil).

Efora Energy's annual Long-Term Capital Lease Obligation increased from Feb. 2022 (R0.00 Mil) to Feb. 2023 (R0.57 Mil) but then declined from Feb. 2023 (R0.57 Mil) to Feb. 2024 (R0.17 Mil).

Efora Energy Long-Term Capital Lease Obligation Historical Data

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

Efora Energy Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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6.43

0.57

0.17

Efora Energy Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.83	0.57	0.65	0.17	-

Efora Energy (JSE:EEL) 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.

Efora Energy Long-Term Capital Lease Obligation Related Terms

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Efora Energy Business Description

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Address

Leslie Avenue, 2nd Floor, Building 11, Design Quarter District, Fourways, Johannesburg, GT, ZAF, 2191

Website

https://www.eforaenergy.com

Efora Energy Ltd is an African oil and gas company. It has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo, Malawi, and Botswana; and midstream projects including a crude trading allocation in Nigeria and a terminal project in Equatorial Guinea. The operations of the Group comprise oil and gas exploration and production, crude trading, and the sale of petroleum products. It derives the majority of its revenue from the sale of petroleum products.

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