Nostrum Oil & Gas (LSE:NOG) Long-Term Capital Lease Obligation : £0.00 Mil (As of Mar. 2023)

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What is Nostrum Oil & Gas Long-Term Capital Lease Obligation?

Nostrum Oil & Gas's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was £0.00 Mil.

Nostrum Oil & Gas Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nostrum Oil & Gas'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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Nostrum Oil & Gas Long-Term Capital Lease Obligation Chart

Nostrum Oil & Gas Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.49

0.03

Nostrum Oil & Gas Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Nostrum Oil & Gas (LSE:NOG) 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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Nostrum Oil & Gas (LSE:NOG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nostrum Oil & Gas PLC (LSE:NOG) » Definitions » Long-Term Capital Lease Obligation

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NOGl:UK 3NO0:Germany

Address

20 Eastbourne Terrace, London, GBR, W2 6LG

Website

https://www.nog.co.uk

Nostrum Oil & Gas PLC is engaged in the production, development, and exploration of oil and gas in Kazakhstan. It provides the market with crude oil, stabilized liquid condensate, liquefied petroleum gas, and dry gas. Most of the company's production is derived from licensed assets in the pre-Caspian basin that can be found in western Kazakhstan. In addition to handling the production of its oil assets, Nostrum handles marketing and transportation. It has a network of pipelines and terminals that help ship products to a variety of end markets. Its client base includes a host of international customers.