Strathcona Resources (TSX:SCR) Long-Term Capital Lease Obligation : C$353 Mil (As of Mar. 2024)

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What is Strathcona Resources Long-Term Capital Lease Obligation?

Strathcona Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$353 Mil.

Strathcona Resources's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$92 Mil) to Dec. 2023 (C$362 Mil) but then declined from Dec. 2023 (C$362 Mil) to Mar. 2024 (C$353 Mil).

Strathcona Resources's annual Long-Term Capital Lease Obligation increased from . 20 (C$0 Mil) to Dec. 2022 (C$224 Mil) and increased from Dec. 2022 (C$224 Mil) to Dec. 2023 (C$362 Mil).

Strathcona Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Strathcona Resources'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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Strathcona Resources Long-Term Capital Lease Obligation Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

224.10

362.40

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			224.10	-	92.21	362.40	352.60

Strathcona Resources (TSX:SCR) 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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Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.