Oil and Gas Exploration and Production AD (LTS:0OMR) Long-Term Capital Lease Obligation : лв0.44 Mil (As of Dec. 2022)

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What is Oil and Gas Exploration and Production AD Long-Term Capital Lease Obligation?

Oil and Gas Exploration and Production AD's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was лв0.44 Mil.

Oil and Gas Exploration and Production AD's quarterly Long-Term Capital Lease Obligation declined from Dec. 2020 (лв2.39 Mil) to Dec. 2021 (лв0.58 Mil) and declined from Dec. 2021 (лв0.58 Mil) to Dec. 2022 (лв0.44 Mil).

Oil and Gas Exploration and Production AD's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (лв2.39 Mil) to Dec. 2021 (лв0.58 Mil) and declined from Dec. 2021 (лв0.58 Mil) to Dec. 2022 (лв0.44 Mil).

Oil and Gas Exploration and Production AD Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oil and Gas Exploration and Production AD'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.

* Premium members only.

Oil and Gas Exploration and Production AD Long-Term Capital Lease Obligation Chart

Oil and Gas Exploration and Production AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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1.72

2.92

2.39

0.58

0.44

Oil and Gas Exploration and Production AD Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									1.72	2.92	2.39	0.58	0.44

Oil and Gas Exploration and Production AD (LTS:0OMR) 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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Oil and Gas Exploration and Production AD (LTS:0OMR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil and Gas Exploration and Production AD (LTS:0OMR) » Definitions » Long-Term Capital Lease Obligation

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NGAZ:Bulgaria

Address

2, Stefan Karadja Street, Sofia, BGR, 1080

Website

http://www.ogep-bg.com

Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

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