Lycos Energy (TSXV:LCX) Long-Term Capital Lease Obligation : C$0.2 Mil (As of Mar. 2024)

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What is Lycos Energy Long-Term Capital Lease Obligation?

Lycos Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.2 Mil.

Lycos Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.3 Mil) to Dec. 2023 (C$0.1 Mil) but then increased from Dec. 2023 (C$0.1 Mil) to Mar. 2024 (C$0.2 Mil).

Lycos Energy's annual Long-Term Capital Lease Obligation stayed the same from Oct. 2021 (C$0.0 Mil) to Oct. 2022 (C$0.0 Mil) but then increased from Oct. 2022 (C$0.0 Mil) to Dec. 2023 (C$0.1 Mil).

Lycos Energy Long-Term Capital Lease Obligation Historical Data

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

Lycos Energy Annual Data

Trend

Oct21

Oct22

Dec23

Long-Term Capital Lease Obligation

0.15

Lycos Energy Quarterly Data
	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.21	0.31	0.31	0.15	0.21

Lycos Energy (TSXV:LCX) 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.

Lycos Energy Long-Term Capital Lease Obligation Related Terms

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Lycos Energy (TSXV:LCX) Business Description

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Address

333 7 Avenue SW, Calgary, AB, CAN, T2P 2Z1

Website

https://www.lycosenergy.com

Lycos Energy Inc is an oil-focused, exploration, development, and production company based in Calgary, Alberta, operating high-quality, heavy-oil, development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area.

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