Mondial Ventures (Mondial Ventures) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2014)

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What is Mondial Ventures Long-Term Capital Lease Obligation?

Mondial Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2014 was $0.00 Mil.

Mondial Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mondial Ventures'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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Mondial Ventures Long-Term Capital Lease Obligation Chart

Mondial Ventures Annual Data

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Long-Term Capital Lease Obligation

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Mondial Ventures Quarterly Data
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Mondial Ventures (OTCPK:MNVN) 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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Mondial Ventures (Mondial Ventures) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mondial Ventures Inc (OTCPK:MNVN) » Definitions » Long-Term Capital Lease Obligation

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Address

6564 Smoke Tree Lane, Scottsdale, AZ, USA, 85253

Website

http://www.mondialventures.com

Mondial Ventures Inc is active in the energy sector. It is an independent oil and gas company, engaged in the exploration, development, and exploitation of crude oil and natural gas properties primarily in the United States. It holds interests in the J.B. Tubb Leasehold Estate/Amoco Crawar field comprising three well heads and three wellbores. It also has its facilities in Ward County, Texas.

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