Lansdowne Oil & Gas (LSE:LOGP) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jun. 2023)

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What is Lansdowne Oil & Gas Long-Term Capital Lease Obligation?

Lansdowne Oil & Gas's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil.

Lansdowne Oil & Gas Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lansdowne Oil & Gas'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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Lansdowne Oil & Gas Long-Term Capital Lease Obligation Chart

Lansdowne Oil & Gas Annual Data

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Long-Term Capital Lease Obligation

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Lansdowne Oil & Gas Semi-Annual Data
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Lansdowne Oil & Gas (LSE:LOGP) 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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Lansdowne Oil & Gas (LSE:LOGP) Business Description

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

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L2J:Germany

Address

C/o Pinsent Masons LLP, 30 Crown Place, London, GBR, EC2A 4ES

Website

https://www.lansdowneoilandgas.com

Lansdowne Oil & Gas PLC is an independent oil and gas exploration company. The company focuses on oil and gas exploration and appraisal opportunities in the North Celtic Sea Basin (NCSB) offshore southern Ireland. It has an interest in the Barryroe exploration license and Helvick exploration license. The group only reportable operating and geographic segment, which is the exploration for oil and gas reserves in Ireland.

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