Petrosun (Petrosun) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Petrosun Long-Term Capital Lease Obligation?

Petrosun's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Petrosun Long-Term Capital Lease Obligation Historical Data

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

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Long-Term Capital Lease Obligation

Petrosun Quarterly Data

Long-Term Capital Lease Obligation

Petrosun (OTCPK:PSUD) 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.

Petrosun Long-Term Capital Lease Obligation Related Terms

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Petrosun (Petrosun) Business Description

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

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Address

2999 North 44th Street, Suite 620, Phoenix, AZ, USA, 85018

Website

https://www.petrosun.us

Petrosun Inc is an energy company focused on oil, natural gas, helium, and lithium exploration, production, processing, and distribution in the Southwest region of the United States. The company focuses on non-shale, unconventional resources utilizing forward-looking energy technologies. It is a diversified energy firm that focuses on on-shale, unconventional resources through technologies. It specializes in the research and development of enhanced oil recovery technologies, solar thermal applications, and helium processing technologies.