Hemisphere Energy (TSXV:HME) Long-Term Capital Lease Obligation : C$3.24 Mil (As of Sep. 2024)

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What is Hemisphere Energy Long-Term Capital Lease Obligation?

Hemisphere Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$3.24 Mil.

Hemisphere Energy's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (C$2.65 Mil) to Jun. 2024 (C$2.49 Mil) but then increased from Jun. 2024 (C$2.49 Mil) to Sep. 2024 (C$3.24 Mil).

Hemisphere Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$2.18 Mil) to Dec. 2022 (C$3.30 Mil) but then declined from Dec. 2022 (C$3.30 Mil) to Dec. 2023 (C$2.70 Mil).

Hemisphere Energy Long-Term Capital Lease Obligation Historical Data

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

Hemisphere Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.28

0.25

2.18

3.30

2.70

Hemisphere Energy 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															2.87	2.70	2.65	2.49	3.24

Hemisphere Energy (TSXV:HME) 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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Hemisphere Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hemisphere Energy Corp (TSXV:HME) » Definitions » Long-Term Capital Lease Obligation

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HMENF:USA N4Q1:Germany

Address

905 West Pender Street, Suite 501, Vancouver, BC, CAN, V6C 1L6

Website

https://www.hemisphereenergy.ca

Hemisphere Energy Corp is a Canadian oil company focused on the sustainable growth of its high netback, low decline conventional heavy oil assets through water and polymer flood-enhanced recovery methods. It specializes in the development of conventional oil pools using enhanced oil recoveries methods such as waterflood and polymer flood to maximize production and oil recovery. The company's oil assets are in the Manville oil play in the Atlee Buffalo and Jenner areas of southeastern Alberta.

Executives

Andrew John Arthur	Senior Officer
Gregg Kingsley Vernon	Director
Ashley Ramsden-wood	Senior Officer
Frank Stephen Borowicz	Director
Charles Noel O'sullivan	Director, Senior Officer
Don Simmons	Senior Officer
L.p. Cibolo Energy Partners I	10% Security Holder
Ian Duncan	Senior Officer