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Laredo Oil (Laredo Oil) Long-Term Capital Lease Obligation : $0.00 Mil (As of Feb. 2024)


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What is Laredo Oil Long-Term Capital Lease Obligation?

Laredo Oil's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil.

Laredo Oil Long-Term Capital Lease Obligation Historical Data

The historical data trend for Laredo Oil'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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Laredo Oil Long-Term Capital Lease Obligation Chart

Laredo Oil Annual Data
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Long-Term Capital Lease Obligation
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Laredo Oil Quarterly Data
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Laredo Oil  (OTCPK:LRDC) 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.

Laredo Oil Long-Term Capital Lease Obligation Related Terms

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Laredo Oil (Laredo Oil) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Laredo Oil Inc (OTCPK:LRDC) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
2021 Guadalupe Street, Suite 260, Austin, TX, USA, 78705
Website
https://www.laredo-oil.com
Laredo Oil Inc is an oil exploration and production company. It is engaged in managing the acquisition and conventional operation of mature oil fields and the further recovery of stranded oil from those fields using enhanced oil recovery (EOR) methods. The company focuses on EOR applications in depleted and mature oil fields.