Rockhopper Exploration (LSE:RKH) Long-Term Capital Lease Obligation : £0.11 Mil (As of Jun. 2023)

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What is Rockhopper Exploration Long-Term Capital Lease Obligation?

Rockhopper Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.11 Mil.

Rockhopper Exploration's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (£0.45 Mil) to Dec. 2022 (£0.28 Mil) and declined from Dec. 2022 (£0.28 Mil) to Jun. 2023 (£0.11 Mil).

Rockhopper Exploration's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (£0.95 Mil) to Dec. 2021 (£0.63 Mil) and declined from Dec. 2021 (£0.63 Mil) to Dec. 2022 (£0.28 Mil).

Rockhopper Exploration Long-Term Capital Lease Obligation Historical Data

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

Rockhopper Exploration Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.32

0.95

0.63

0.28

Rockhopper Exploration Semi-Annual Data
	Mar14	Sep14	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															0.63	0.45	0.28	0.11	-

Rockhopper Exploration (LSE:RKH) 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.

Rockhopper Exploration Long-Term Capital Lease Obligation Related Terms

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Rockhopper Exploration (LSE:RKH) Business Description

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

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Traded in Other Exchanges

RCKHF:USA RKH.GB:UK

Address

123 Castle Street, Warner House, Wiltshire, Salisbury, GBR, SP1 3TB

Website

http://www.rockhopperexploration.co.uk

Rockhopper Exploration PLC is an oil and gas exploration and production company operating in the United Kingdom. The principal activity of the company is the exploration and exploitation of its oil and gas acreage. The company's operations are made up of three segments, the Oil and gas exploration activities in the geographical regions of the Falkland Islands and the Greater Mediterranean Region and Corporate activities centred in the UK.

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