Linc Energy (ASX:LNC) Long-Term Capital Lease Obligation : A$0.18 Mil (As of Dec. 2015)

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What is Linc Energy Long-Term Capital Lease Obligation?

Linc Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2015 was A$0.18 Mil.

Linc Energy's quarterly Long-Term Capital Lease Obligation increased from Jun. 2015 (A$0.13 Mil) to Sep. 2015 (A$0.19 Mil) but then declined from Sep. 2015 (A$0.19 Mil) to Dec. 2015 (A$0.18 Mil).

Linc Energy's annual Long-Term Capital Lease Obligation declined from Jun. 2013 (A$0.73 Mil) to Jun. 2014 (A$0.11 Mil) but then increased from Jun. 2014 (A$0.11 Mil) to Jun. 2015 (A$0.13 Mil).

Linc Energy Long-Term Capital Lease Obligation Historical Data

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

Linc Energy Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Long-Term Capital Lease Obligation

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1.20

0.45

0.73

0.11

0.13

Linc Energy Quarterly Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.13	0.18	0.13	0.19	0.18

Linc Energy (ASX:LNC) 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.

Linc Energy Long-Term Capital Lease Obligation Related Terms

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Linc Energy (ASX:LNC) Business Description

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Address

32 Edward Street, Smellie & Company Building, Brisbane, QLD, AUS, 4000

Website

http://www.lincenergy.com

Linc Energy Ltd engages in exploration, development, and production of conventional oil and gas and unconventional syngas through the utilization of its underground coal gasification technology. The company's gulf coast properties are spread across Texas and Louisiana and include various producing wells over active fields, both onshore and in shallow state waters. Its segments consist of Oil and Gas engaged in exploration, development, and production of traditional oil and gas assets in North America; Clean Energy engaged in development and commercialization of Coal-to-Liquids processes through the combined utilization of Underground Coal Gasification and Gas to Liquids technologies; and Shale oil engaged in exploration of the company's petroleum exploration tenements in South Australia.