White River Energy (White River Energy) Long-Term Capital Lease Obligation : $0.09 Mil (As of Dec. 2023)

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What is White River Energy Long-Term Capital Lease Obligation?

White River Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.09 Mil.

White River Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.11 Mil) to Sep. 2023 ($0.10 Mil) and declined from Sep. 2023 ($0.10 Mil) to Dec. 2023 ($0.09 Mil).

White River Energy's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Mar. 2022 ($0.11 Mil) and increased from Mar. 2022 ($0.11 Mil) to Mar. 2023 ($0.12 Mil).

White River Energy Long-Term Capital Lease Obligation Historical Data

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

White River Energy Annual Data

Trend

Mar22

Mar23

Long-Term Capital Lease Obligation

0.11

0.12

White River Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.13	0.12	0.11	0.10	0.09

White River Energy (OTCPK:WTRV) 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.

White River Energy Long-Term Capital Lease Obligation Related Terms

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White River Energy (White River Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » White River Energy Corp (OTCPK:WTRV) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

609 W. Dickson Street, Suite 102 G, Fayetteville, AR, USA, 72701

Website

https://www.white-river.com

White River Energy Corp is engaged in oil and gas exploration, production and drilling operations. The company operates over 30,000 cumulative acres of active oil and gas mineral leases in Louisiana and Mississippi.

White River Energy (White River Energy) Headlines

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White River Energy Corp at Virtual Investor Conferences Transcript

By GuruFocus Research • 02-15-2024