Sonde Resources (Sonde Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2014)

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What is Sonde Resources Long-Term Capital Lease Obligation?

Sonde Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2014 was $0.00 Mil.

Sonde Resources Long-Term Capital Lease Obligation Historical Data

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

Sonde Resources Annual Data

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Long-Term Capital Lease Obligation

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Sonde Resources Quarterly Data
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Sonde Resources (AMEX:SOQDQ) 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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Sonde Resources (Sonde Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sonde Resources Corp (AMEX:SOQDQ) » Definitions » Long-Term Capital Lease Obligation

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Address

North Hill NW, P.O. Box 65161, Calgary, AB, CAN, T2N 4T6

Website

http://www.sonderesources.com

Sonde Resources Corp is a Canada-based oil and gas exploration and production company. The company is engaged in the exploration for, and acquisition, development, and production of, petroleum and natural gas with operations in North Africa and Western Canada. Sonde is actively engaged in exploration and development of oil and gas resources throughout the Joint Oil Block in offshore Tunisia and Libya.

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