Journey Energy (TSX:JOY) Long-Term Capital Lease Obligation : C$1.0 Mil (As of Mar. 2024)

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What is Journey Energy Long-Term Capital Lease Obligation?

Journey Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.0 Mil.

Journey Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$1.4 Mil) to Dec. 2023 (C$1.2 Mil) and declined from Dec. 2023 (C$1.2 Mil) to Mar. 2024 (C$1.0 Mil).

Journey Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.8 Mil) to Dec. 2022 (C$1.6 Mil) but then declined from Dec. 2022 (C$1.6 Mil) to Dec. 2023 (C$1.2 Mil).

Journey Energy Long-Term Capital Lease Obligation Historical Data

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

Journey Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.49

1.04

0.82

1.56

1.21

Journey Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.55	1.48	1.37	1.21	1.05

Journey Energy (TSX:JOY) 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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Journey Energy (TSX:JOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Executives

Craig Henry Hansen

Director