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Coro Energy (LSE:CORO) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jun. 2023)


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What is Coro Energy Long-Term Capital Lease Obligation?

Coro Energy's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil.


Coro Energy Long-Term Capital Lease Obligation Historical Data

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

Coro Energy Annual Data
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Long-Term Capital Lease Obligation
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Coro Energy Semi-Annual Data
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Coro Energy  (LSE:CORO) 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.

Coro Energy Long-Term Capital Lease Obligation Related Terms

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Coro Energy (LSE:CORO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coro Energy PLC (LSE:CORO) » Definitions » Long-Term Capital Lease Obligation
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1 Park Row, c/o Pinsent Masons LLP, Leeds, GBR, LS1 5AB
Coro Energy PLC is an oil and gas exploration company focused on delivering long-term production of natural gas. The company has two business units namely Exploration and Development and Production. It generates maximum revenue from the Development and Production segment. The company has four gas fields, namely Sillaro, Bezzecca, Rapagnano, and Casa Tiberi.

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