TMCGF (TomCo Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2024)

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What is TomCo Energy Long-Term Capital Lease Obligation?

TomCo Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

TomCo Energy Long-Term Capital Lease Obligation Historical Data

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

TomCo Energy Annual Data

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Long-Term Capital Lease Obligation

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TomCo Energy Semi-Annual Data
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TomCo Energy (OTCPK:TMCGF) 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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TomCo Energy Business Description

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

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Address

Sixty Circular Road, 1st Floor, Douglas, IMN, IM1 1AE

Website

https://www.tomcoenergy.com

TomCo Energy PLC is in the business of developing oil shale leases. The company is engaged in deploying the technology on its oil shale leases and other unconventional oil resources for future production. Its subsidiaries are engaged in the holding of oil shale leases and the exploration and extraction of oil and gas. It operates in two geographical segments that are the United States and the United Kingdom.

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