PHX Energy Services (TSX:PHX) Long-Term Capital Lease Obligation : C$34.0 Mil (As of Dec. 2023)

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

What is PHX Energy Services Long-Term Capital Lease Obligation?

PHX Energy Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$34.0 Mil.

PHX Energy Services's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$35.4 Mil) to Sep. 2023 (C$34.9 Mil) and declined from Sep. 2023 (C$34.9 Mil) to Dec. 2023 (C$34.0 Mil).

PHX Energy Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$32.6 Mil) to Dec. 2022 (C$36.8 Mil) but then declined from Dec. 2022 (C$36.8 Mil) to Dec. 2023 (C$34.0 Mil).

PHX Energy Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for PHX Energy Services'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.

PHX Energy Services Long-Term Capital Lease Obligation Chart

PHX Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

39.75

35.70

32.64

36.77

33.97

PHX Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															36.77	36.43	35.43	34.91	33.97

PHX Energy Services (TSX:PHX) 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.

PHX Energy Services Long-Term Capital Lease Obligation Related Terms

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

PHX Energy Services (TSX:PHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (TSX:PHX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PHXHF:USA

Address

250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.

Executives