Kunlun Energy Co (Kunlun Energy Co) Long-Term Capital Lease Obligation : $70 Mil (As of Dec. 2023)

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What is Kunlun Energy Co Long-Term Capital Lease Obligation?

Kunlun Energy Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $70 Mil.

Kunlun Energy Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($81 Mil) to Jun. 2023 ($78 Mil) and declined from Jun. 2023 ($78 Mil) to Dec. 2023 ($70 Mil).

Kunlun Energy Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($84 Mil) to Dec. 2022 ($81 Mil) and declined from Dec. 2022 ($81 Mil) to Dec. 2023 ($70 Mil).

Kunlun Energy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kunlun Energy Co'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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Kunlun Energy Co Long-Term Capital Lease Obligation Chart

Kunlun Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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56.03

77.38

84.00

80.61

69.61

Kunlun Energy Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															84.00	78.71	80.61	78.06	69.61

Kunlun Energy Co (OTCPK:KUNUF) 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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Kunlun Energy Co (Kunlun Energy Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kunlun Energy Co Ltd (OTCPK:KUNUF) » Definitions » Long-Term Capital Lease Obligation

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KLYCY:USA 00135:Hong Kong CTJ1:Germany

Address

118 Connaught Road West, 39th Floor, Hong Kong, HKG

Website

https://www.kunlun.com.hk

Kunlun Energy Co Ltd is an integrated oil and gas service company. The firm is engaged in multiple activities which include exploration and production operations at its oils fields located internationally, operating natural gas pipeline mainly providing support services to the oil and gas industry, and offers processing and storage facilities of liquified natural gas(LNG), and sale of sale of LNG and liquified petroleum gas across China. The Group is engaged in a broad range of oil and gas related activities and derives its revenue from its four operating segments: Natural Gas Sales, Sales of LPG, LNG Processing and Terminal and Exploration and Production.

Kunlun Energy Co (Kunlun Energy Co) Headlines

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