New Zealand Oil & Gas (New Zealand Oil & Gas) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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

New Zealand Oil & Gas's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

New Zealand Oil & Gas Long-Term Capital Lease Obligation Historical Data

The historical data trend for New Zealand 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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New Zealand Oil & Gas Long-Term Capital Lease Obligation Chart

New Zealand Oil & Gas Annual Data

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Long-Term Capital Lease Obligation

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New Zealand Oil & Gas Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

New Zealand Oil & Gas (OTCPK:NZEOF) 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.

New Zealand Oil & Gas Long-Term Capital Lease Obligation Related Terms

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New Zealand Oil & Gas (New Zealand Oil & Gas) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Zealand Oil & Gas Ltd (OTCPK:NZEOF) » Definitions » Long-Term Capital Lease Obligation

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NZO:New Zealand NZO:Australia

Address

36 Tennyson Street, Level 1, Wellington, NZL, 6011

Website

https://www.nzog.com

New Zealand Oil & Gas Ltd is an oil and gas exploration and production company with producing assets in New Zealand. It operates through Kupe Oil and Gas Field, Oil and Gas Exploration, and Cue Energy Resources Limited segments. The company generates maximum revenue from Cue Energy Resources Limited. It has a presence in Indonesia and Australia.