Tamarack Valley Energy (TSX:TVE) Long-Term Capital Lease Obligation : C$9 Mil (As of Mar. 2024)

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What is Tamarack Valley Energy Long-Term Capital Lease Obligation?

Tamarack Valley Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$9 Mil.

Tamarack Valley Energy's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$7 Mil) to Dec. 2023 (C$10 Mil) but then declined from Dec. 2023 (C$10 Mil) to Mar. 2024 (C$9 Mil).

Tamarack Valley Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$7 Mil) to Dec. 2022 (C$6 Mil) but then increased from Dec. 2022 (C$6 Mil) to Dec. 2023 (C$10 Mil).

Tamarack Valley Energy Long-Term Capital Lease Obligation Historical Data

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

Tamarack Valley Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.96

7.67

6.93

6.36

9.81

Tamarack Valley 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															5.58	4.87	6.94	9.81	9.32

Tamarack Valley Energy (TSX:TVE) 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.

Tamarack Valley Energy Long-Term Capital Lease Obligation Related Terms

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Tamarack Valley Energy (TSX:TVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamarack Valley Energy Ltd (TSX:TVE) » Definitions » Long-Term Capital Lease Obligation

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TNEYF:USA 9TA1:Germany

Address

308 4th Avenue SW, Suite 3300, Calgary, AB, CAN, T2P 0H7

Website

https://www.tamarackvalley.ca

Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.

Executives

Christine Ezinga

Senior Officer

Tamarack Valley Energy (TSX:TVE) Headlines

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