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

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What is Kingsrose Mining Long-Term Capital Lease Obligation?

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

Kingsrose Mining's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.00 Mil) to Jun. 2023 ($0.04 Mil) but then declined from Jun. 2023 ($0.04 Mil) to Dec. 2023 ($0.00 Mil).

Kingsrose Mining's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.15 Mil) but then declined from Jun. 2022 ($0.15 Mil) to Jun. 2023 ($0.04 Mil).

Kingsrose Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kingsrose Mining'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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Kingsrose Mining Long-Term Capital Lease Obligation Chart

Kingsrose Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.06

0.01

0.15

0.04

Kingsrose Mining 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															-	0.15	-	0.04	-

Kingsrose Mining (OTCPK:KGRSY) 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.

Kingsrose Mining Long-Term Capital Lease Obligation Related Terms

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Kingsrose Mining (Kingsrose Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsrose Mining Ltd (OTCPK:KGRSY) » Definitions » Long-Term Capital Lease Obligation

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KRM:Australia

Address

145 Stirling Highway, Suite 5 CPC, Nedlands, WA, AUS, 6009

Website

https://www.kingsrosemining.com.au

Kingsrose Mining Ltd is a gold production and exploration company. Kingsrose is exploring for nickel, copper and PGE at three project locations across Norway and Finland. The three Projects are Penikat, Rana and Porsanger projects.

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