Energean (LSE:ENOG) Long-Term Capital Lease Obligation : £38 Mil (As of Dec. 2023)

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What is Energean Long-Term Capital Lease Obligation?

Energean's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £38 Mil.

Energean's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (£19 Mil) to Jun. 2023 (£38 Mil) and increased from Jun. 2023 (£38 Mil) to Dec. 2023 (£38 Mil).

Energean's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£27 Mil) to Dec. 2022 (£19 Mil) but then increased from Dec. 2022 (£19 Mil) to Dec. 2023 (£38 Mil).

Energean Long-Term Capital Lease Obligation Historical Data

The historical data trend for Energean'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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Energean Long-Term Capital Lease Obligation Chart

Energean Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.96

27.57

27.20

18.94

38.39

Energean Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									27.20	21.94	18.94	38.16	38.39

Energean (LSE:ENOG) 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.

Energean Long-Term Capital Lease Obligation Related Terms

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Energean (LSE:ENOG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energean PLC (LSE:ENOG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EERGF:USA ENOG:Israel ENOGl:UK 1YE:Germany

Address

44 Baker Street, 3rd Floor, Accurist House, London, GBR, W1U 7AL

Website

https://www.energean.com

Energean PLC is an oil and gas company. The principal activity of the group is the exploration, production, and commercialization of crude oil and natural gas. Its segments are Europe (including Greece, Italy, the UK, and Croatia), Israel, Egypt, and New Ventures (Montenegro and Malta). The company's majority of its revenue comes from the European segment of crude oil sales.

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