United Energy (United Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2010)

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What is United Energy Long-Term Capital Lease Obligation?

United Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2010 was $0.00 Mil.

United Energy Long-Term Capital Lease Obligation Historical Data

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

United Energy Annual Data

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Long-Term Capital Lease Obligation

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United Energy Quarterly Data
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United Energy (OTCPK:UNRG) 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.

United Energy Long-Term Capital Lease Obligation Related Terms

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United Energy (United Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Corp (OTCPK:UNRG) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074

Website

https://www.unitedenergycorp.net

United Energy Corp is engaged in the exploration and production of oil and natural gas properties. The company's holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana.

Executives

Jack Silver	director, 10 percent owner	660 MADISON AVENUE, NEW YORK NY 10021
Adam Hershey	director	140 RIVERSIDE BOULEVARD, APT 2302, NEW YORK NY 10069
Grano Joseph J Jr	other: Former 10% Owner	C/O MEDGENICS, INC., 435 DEVON PARK DRIVE BLDG 700, WAYNE PA 19087

United Energy (United Energy) Headlines

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