Norstra Energy (Norstra Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2013)

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What is Norstra Energy Long-Term Capital Lease Obligation?

Norstra Energy's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2013 was $0.00 Mil.

Norstra Energy Long-Term Capital Lease Obligation Historical Data

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

Norstra Energy Annual Data

Trend

Feb12

Feb13

Long-Term Capital Lease Obligation

Norstra Energy Quarterly Data
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Norstra Energy (GREY:NORX) 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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Norstra Energy (Norstra Energy) Business Description

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Address

1048 WEST 11TH, Suite 400, Spokane, WA, USA, 99204

Website

http://www.norstraenergy.com

Norstra Energy Inc explores and develops oil and gas properties. The exploration activities of company are subject to federal, state and local laws and regulations governing exploration, environmental matters, occupational health and safety, taxes, labor standards and other matters.

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