Indonesia Energy (Indonesia Energy) Long-Term Capital Lease Obligation : $0.47 Mil (As of Dec. 2023)

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What is Indonesia Energy Long-Term Capital Lease Obligation?

Indonesia Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.47 Mil.

Indonesia Energy's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.10 Mil) to Jun. 2023 ($0.08 Mil) but then increased from Jun. 2023 ($0.08 Mil) to Dec. 2023 ($0.47 Mil).

Indonesia Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.10 Mil) and increased from Dec. 2022 ($0.10 Mil) to Dec. 2023 ($0.47 Mil).

Indonesia Energy Long-Term Capital Lease Obligation Historical Data

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

Indonesia Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.10

0.47

Indonesia Energy Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	0.16	0.10	0.08	0.47

Indonesia Energy (AMEX:INDO) 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.

Indonesia Energy Long-Term Capital Lease Obligation Related Terms

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Indonesia Energy (Indonesia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indonesia Energy Corp Ltd (AMEX:INDO) » Definitions » Long-Term Capital Lease Obligation

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Address

Jalan Raya Pasar Minggu No. 17A, Gedung Graha Anugerah, Kelurahan Pancoran, Kecamatan Pancoran, Jakarta Selatan, Jakarta, IDN, 12780

Website

https://www.indo-energy.com

Indonesia Energy Corp Ltd is an oil and gas exploration and production company focused on Indonesia. Its portfolio consists of Kruh Block and Citarum Block. The company generates its revenue from oil and gas sales.