Touchstone Exploration (TSX:TXP) Long-Term Capital Lease Obligation : C$6.00 Mil (As of Sep. 2024)

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What is Touchstone Exploration Long-Term Capital Lease Obligation?

Touchstone Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$6.00 Mil.

Touchstone Exploration's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (C$3.72 Mil) to Jun. 2024 (C$3.59 Mil) but then increased from Jun. 2024 (C$3.59 Mil) to Sep. 2024 (C$6.00 Mil).

Touchstone Exploration's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$2.90 Mil) to Dec. 2022 (C$1.87 Mil) but then increased from Dec. 2022 (C$1.87 Mil) to Dec. 2023 (C$3.88 Mil).

Touchstone Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration Long-Term Capital Lease Obligation Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.14

0.43

2.90

1.87

3.88

Touchstone Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.25	3.88	3.72	3.59	6.00

Touchstone Exploration (TSX:TXP) 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.

Touchstone Exploration Long-Term Capital Lease Obligation Related Terms

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Touchstone Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (TSX:TXP) » Definitions » Long-Term Capital Lease Obligation

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PBEGF:USA TXP:UK

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is currently active in the Republic of Trinidad and Tobago. The company generates revenue from Petroleum and natural gas sales. The company's exploration project includes Ortoire, Coho, Cascadura, Chinook, Royston.

Executives

Paul Raymond Baay	Director, Senior Officer
Christopher Scott Budau	Senior Officer
James Shipka	Senior Officer
Brian Hollingshead	Senior Officer
Thomas Valentine	Senior Officer
John David Wright	Director, Senior Officer
Harrie Vredenburg	Director
Stanley Thomas Smith	Director
North Energy Asa	10% Security Holder

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