Comet Ridge (Comet Ridge) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Comet Ridge Long-Term Capital Lease Obligation?

Comet Ridge's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Comet Ridge's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.00 Mil) to Jun. 2023 ($0.13 Mil) but then declined from Jun. 2023 ($0.13 Mil) to Dec. 2023 ($0.00 Mil).

Comet Ridge's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.08 Mil) and increased from Jun. 2022 ($0.08 Mil) to Jun. 2023 ($0.13 Mil).

Comet Ridge Long-Term Capital Lease Obligation Historical Data

The historical data trend for Comet Ridge'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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Comet Ridge Long-Term Capital Lease Obligation Chart

Comet Ridge Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.08

0.13

Comet Ridge Semi-Annual Data
	Jun14	Dec14	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															-	0.08	-	0.13	-

Comet Ridge (OTCPK:COMRF) 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.

Comet Ridge Long-Term Capital Lease Obligation Related Terms

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Comet Ridge (Comet Ridge) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Comet Ridge Ltd (OTCPK:COMRF) » Definitions » Long-Term Capital Lease Obligation

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COI:Australia

Address

410 Queen Street, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.cometridge.com.au

Comet Ridge Ltd is an exploration company. It is engaged in the exploration and evaluation of its tenements for oil and gas reserves. The projects of the company includes Mahalo North and Mahalo Gas Project, Gunnedah, and Galilee Basin project. The projects are located in the states of Queensland and New South Wales, Australia.

Comet Ridge (Comet Ridge) Headlines

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Comet Ridge Ltd at Vertical Events RIU Good Oil & Gas Energy Transcript

By GuruFocus Research • 03-29-2024