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Aldoro Resources (ASX:ARN) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Aldoro Resources Long-Term Capital Lease Obligation?

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


Aldoro Resources Long-Term Capital Lease Obligation Historical Data

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

Aldoro Resources Annual Data
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Aldoro Resources Semi-Annual Data
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Aldoro Resources  (ASX:ARN) 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.

Aldoro Resources Long-Term Capital Lease Obligation Related Terms

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Aldoro Resources Business Description

Traded in Other Exchanges
N/A
Address
23 Railway Road, Suite 11, 12 Level 2, Subiaco, Perth, WA, AUS, 6008
Aldoro Resources Ltd is an exploration company established to explore and develop gold and nickel mineral properties. Its projects include the Narndee Igneous Complex, the Kameelburg Ree Project, the Niobe Project, the Wyemandoo critical mineral project, and other mineral projects. The Group operates only in one reportable segment being predominately in the area of gold and nickel mineral exploration in Australia.

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