Seplat Energy (Seplat Energy) Long-Term Capital Lease Obligation : $15.8 Mil (As of Mar. 2024)

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What is Seplat Energy Long-Term Capital Lease Obligation?

Seplat Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $15.8 Mil.

Seplat Energy's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 ($0.0 Mil) to Dec. 2023 ($0.0 Mil) but then increased from Dec. 2023 ($0.0 Mil) to Mar. 2024 ($15.8 Mil).

Seplat Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.5 Mil) to Dec. 2022 ($0.0 Mil) but then stayed the same from Dec. 2022 ($0.0 Mil) to Dec. 2023 ($0.0 Mil).

Seplat Energy Long-Term Capital Lease Obligation Historical Data

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

Seplat Energy Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.52

4.19

0.48

Seplat Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	15.76

Seplat Energy (OTCPK:SEPLF) 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.

Seplat Energy Long-Term Capital Lease Obligation Related Terms

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Seplat Energy (Seplat Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seplat Energy PLC (OTCPK:SEPLF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SEPLAT:Nigeria SEPLl:UK SEPL:UK 134:Germany

Address

16A Temple Road (Olu Holloway), Ikoyi, Lagos, NGA

Website

https://www.seplatenergy.com

Seplat Energy PLC formerly SEPLAT Petroleum Development Company PLC is a Nigerian independent upstream oil and gas company which focuses on production and development opportunities in Nigeria. The company has two reportable segments namely Oil and Gas. Geographically, it derives a majority of revenue from Switzerland. The company's exploration assets include OMLs 4, 38 and 41 which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.