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Georgina Energy (LSE:GEX) Long-Term Capital Lease Obligation : £0.02 Mil (As of Jul. 2024)


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What is Georgina Energy Long-Term Capital Lease Obligation?

Georgina Energy's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2024 was £0.02 Mil.

Georgina Energy's quarterly Long-Term Capital Lease Obligation stayed the same from Jul. 2023 (£0.00 Mil) to Jan. 2024 (£0.00 Mil) but then increased from Jan. 2024 (£0.00 Mil) to Jul. 2024 (£0.02 Mil).

Georgina Energy Long-Term Capital Lease Obligation Historical Data

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

Georgina Energy Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Long-Term Capital Lease Obligation
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Georgina Energy Semi-Annual Data
Jan17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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Georgina Energy  (LSE:GEX) 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.

Georgina Energy Long-Term Capital Lease Obligation Related Terms

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Georgina Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Georgina Energy PLC (LSE:GEX) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
Level One Devonshire House, One Mayfair Place, London, GBR, W1J 8AJ
Website
https://www.georginaenergy.com
Georgina Energy PLC is a helium, hydrogen and natural resources development and production company. Its projects include the Hussar projects and EP155 mount winter project.