Treasure Island Royalty Trust (Treasure Island Royalty Trust) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

View and export this data going back to 2003. Start your Free Trial

What is Treasure Island Royalty Trust Long-Term Capital Lease Obligation?

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

Treasure Island Royalty Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Treasure Island Royalty Trust'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.

* Premium members only.

Treasure Island Royalty Trust Long-Term Capital Lease Obligation Chart

Treasure Island Royalty Trust Annual Data

Trend

Long-Term Capital Lease Obligation

Treasure Island Royalty Trust Semi-Annual Data

Long-Term Capital Lease Obligation

Treasure Island Royalty Trust (OTCPK:TISDZ) 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.

Treasure Island Royalty Trust Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Treasure Island Royalty Trust's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Treasure Island Royalty Trust (Treasure Island Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Treasure Island Royalty Trust (OTCPK:TISDZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5555 San Felipe, 11th Floor, Houston, TX, USA, 77056

Website

Treasure Island Royalty Trust holds non-expense bearing overriding royalty interests in ultra deep prospects in the shallow waters of the Gulf of Mexico.

Executives

Seven Bridges Foundation, Inc.	10 percent owner	31 BROOKSIDE DRIVE, GREENWICH CT 06830
Mckenzie Richard C Jr	10 percent owner	118 JOHN STREET, GREENWICH CT 06831

Treasure Island Royalty Trust (Treasure Island Royalty Trust) Headlines

No Headlines