Coastal Energy Co (LSE:CEO) Long-Term Capital Lease Obligation : £0.0 Mil (As of Sep. 2013)

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What is Coastal Energy Co Long-Term Capital Lease Obligation?

Coastal Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2013 was £0.0 Mil.

Coastal Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Coastal Energy Co'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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Coastal Energy Co Long-Term Capital Lease Obligation Chart

Coastal Energy Co Annual Data

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Long-Term Capital Lease Obligation

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Coastal Energy Co Quarterly Data
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Coastal Energy Co (LSE:CEO) 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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Coastal Energy Co (LSE:CEO) Business Description

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http://www.CoastalEnergy.com

Coastal Energy Company was founded in 2004.The company is involved in the acquisition, exploration and development of oil and gas properties in the Gulf of Thailand and Malaysia. It is also involved in the acquisition, exploration and development of onshore petroleum properties in Thailand.