Perpetual Energy (Perpetual Energy) Long-Term Capital Lease Obligation : $2.86 Mil (As of Dec. 2023)

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What is Perpetual Energy Long-Term Capital Lease Obligation?

Perpetual Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.86 Mil.

Perpetual Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1.43 Mil) to Sep. 2023 ($1.34 Mil) but then increased from Sep. 2023 ($1.34 Mil) to Dec. 2023 ($2.86 Mil).

Perpetual Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.03 Mil) to Dec. 2022 ($0.64 Mil) but then increased from Dec. 2022 ($0.64 Mil) to Dec. 2023 ($2.86 Mil).

Perpetual Energy Long-Term Capital Lease Obligation Historical Data

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

Perpetual Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.56

1.40

1.03

0.64

2.86

Perpetual Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.64	1.45	1.43	1.34	2.86

Perpetual Energy (OTCPK:PMGYF) 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.

Perpetual Energy Long-Term Capital Lease Obligation Related Terms

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Perpetual Energy (Perpetual Energy) Business Description

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

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PMT:Canada

Address

605 - 5th Avenue South west, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

http://www.perpetualenergyinc.com

Perpetual Energy Inc is an oil and natural gas exploration, production, and marketing company, It owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, heavy crude oil and shallow conventional natural gas in Eastern Alberta, and undeveloped bitumen leases in Northern Alberta. The company derives key revenue from the sale of oil and natural gas.

Perpetual Energy (Perpetual Energy) Headlines

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Perpetual Energy Inc. Announces Election of Directors

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Perpetual Energy Inc. Releases First Quarter 2018 Financial and Operating Results

By PRNewswire PRNewswire • 05-08-2018