Primeline Energy Holdings (TSXV:PEH.H) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2019)

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What is Primeline Energy Holdings Long-Term Capital Lease Obligation?

Primeline Energy Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2019 was C$0.00 Mil.

Primeline Energy Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Primeline Energy Holdings'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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Primeline Energy Holdings Long-Term Capital Lease Obligation Chart

Primeline Energy Holdings Annual Data

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Long-Term Capital Lease Obligation

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Primeline Energy Holdings Quarterly Data
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Primeline Energy Holdings (TSXV:PEH.H) 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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Primeline Energy Holdings (TSXV:PEH.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Primeline Energy Holdings Inc (TSXV:PEH.H) » Definitions » Long-Term Capital Lease Obligation

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Address

88 Tai Tam Reservoir Road, Hong Kong Parkview, Hong Kong, HKG

Website

http://www.primelineenergy.com

Primeline Energy Holdings Inc is engaged in the exploration, development, and production of offshore oil and gas properties in the People's Republic of China. It owns a right in the East China Sea in relation to Petroleum Contract 25/34 and Petroleum Contract 33/07. The company derives revenue from Natural gas, CO2, Condensate, Light Oil and LPG.

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