Crown Point Energy (TSXV:CWV) Long-Term Capital Lease Obligation : C$0.51 Mil (As of Dec. 2023)

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What is Crown Point Energy Long-Term Capital Lease Obligation?

Crown Point Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.51 Mil.

Crown Point Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.95 Mil) to Sep. 2023 (C$0.78 Mil) and declined from Sep. 2023 (C$0.78 Mil) to Dec. 2023 (C$0.51 Mil).

Crown Point Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.31 Mil) to Dec. 2022 (C$1.32 Mil) but then declined from Dec. 2022 (C$1.32 Mil) to Dec. 2023 (C$0.51 Mil).

Crown Point Energy Long-Term Capital Lease Obligation Historical Data

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

Crown Point Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.03

0.82

0.31

1.32

0.51

Crown Point Energy 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															1.32	1.15	0.95	0.78	0.51

Crown Point Energy (TSXV:CWV) 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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Crown Point Energy (TSXV:CWV) Business Description

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CWVLF:USA

Address

Godoy Cruz 2769 Piso 4, Ciudad Autonoma de Buenos Aires, Buenos Aires, ARG, C1425FQK

Website

https://crownpointenergy.com

Crown Point Energy Inc. is an oil and gas exploration and development company. The Company's exploration and development activities focus on three producing basins in Argentina, including the Austral basin in the province of Tierra del Fuego, and the Neuquen, Cuyo, and Cuyana basins in the region of Mendoza.

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