Canadian Overseas Petroleum (LSE:COPL) Long-Term Capital Lease Obligation : £0.00 Mil (As of Sep. 2023)

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What is Canadian Overseas Petroleum Long-Term Capital Lease Obligation?

Canadian Overseas Petroleum's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil.

Canadian Overseas Petroleum's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (£0.03 Mil) to Jun. 2023 (£0.01 Mil) and declined from Jun. 2023 (£0.01 Mil) to Sep. 2023 (£0.00 Mil).

Canadian Overseas Petroleum's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (£0.16 Mil) to Dec. 2021 (£0.11 Mil) and declined from Dec. 2021 (£0.11 Mil) to Dec. 2022 (£0.04 Mil).

Canadian Overseas Petroleum Long-Term Capital Lease Obligation Historical Data

The historical data trend for Canadian Overseas Petroleum'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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Canadian Overseas Petroleum Long-Term Capital Lease Obligation Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.21

0.16

0.11

0.04

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.07	0.04	0.03	0.01	-

Canadian Overseas Petroleum (LSE:COPL) 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.

Canadian Overseas Petroleum Long-Term Capital Lease Obligation Related Terms

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Canadian Overseas Petroleum (LSE:COPL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Overseas Petroleum Ltd (LSE:COPL) » Definitions » Long-Term Capital Lease Obligation

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VELXF:USA V9L:Germany XOP:Canada

Address

715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website

https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.

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