Anglogold Ashanti (Anglogold Ashanti) Long-Term Capital Lease Obligation : $106 Mil (As of Jun. 2023)

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What is Anglogold Ashanti Long-Term Capital Lease Obligation?

Anglogold Ashanti's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $106 Mil.

Anglogold Ashanti's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($138 Mil) to Dec. 2022 ($102 Mil) but then increased from Dec. 2022 ($102 Mil) to Jun. 2023 ($106 Mil).

Anglogold Ashanti's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($116 Mil) to Dec. 2021 ($124 Mil) but then declined from Dec. 2021 ($124 Mil) to Dec. 2022 ($102 Mil).

Anglogold Ashanti Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anglogold Ashanti'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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Anglogold Ashanti Long-Term Capital Lease Obligation Chart

Anglogold Ashanti Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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126.00

116.00

124.00

102.00

Anglogold Ashanti Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															124.00	124.00	138.00	102.00	106.00

Anglogold Ashanti (NYSE:AU) 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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Anglogold Ashanti (Anglogold Ashanti) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglogold Ashanti Plc (NYSE:AU) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ANG:South Africa AU:USA HT3:Germany

Address

112 Oxford Road, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.anglogoldashanti.com

Anglogold Ashanti PLC is one of the gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from Africa which includes Ghana, Guinea, Mali, the Democratic Republic of the Congo, and Tanzania.