Tourmaline Oil (TSX:TOU) Long-Term Capital Lease Obligation : C$21 Mil (As of Dec. 2023)

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What is Tourmaline Oil Long-Term Capital Lease Obligation?

Tourmaline Oil's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$21 Mil.

Tourmaline Oil's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$9 Mil) to Sep. 2023 (C$20 Mil) and increased from Sep. 2023 (C$20 Mil) to Dec. 2023 (C$21 Mil).

Tourmaline Oil's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$8 Mil) to Dec. 2022 (C$7 Mil) but then increased from Dec. 2022 (C$7 Mil) to Dec. 2023 (C$21 Mil).

Tourmaline Oil Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tourmaline Oil'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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Tourmaline Oil Long-Term Capital Lease Obligation Chart

Tourmaline Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.16

8.76

8.17

7.05

20.51

Tourmaline Oil 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															7.05	8.79	8.72	20.27	20.51

Tourmaline Oil (TSX:TOU) 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.

Tourmaline Oil Long-Term Capital Lease Obligation Related Terms

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Tourmaline Oil (TSX:TOU) Business Description

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

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TRMLF:USA TOU:Mexico 08T:Germany

Address

250 - 6th Avenue S.W., Suite 2900, Calgary, AB, CAN, T2P 3H7

Website

https://www.tourmalineoil.com

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.

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