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Australian Zircon NL (ASX:AZCCA) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Jun. 2015)


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What is Australian Zircon NL Long-Term Capital Lease Obligation?

Australian Zircon NL's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2015 was A$0.00 Mil.


Australian Zircon NL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Australian Zircon NL'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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Australian Zircon NL Long-Term Capital Lease Obligation Chart

Australian Zircon NL Annual Data
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Long-Term Capital Lease Obligation
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Australian Zircon NL Semi-Annual Data
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Australian Zircon NL  (ASX:AZCCA) 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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Australian Zircon NL (ASX:AZCCA) Business Description

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Australian Zircon NL is incorporated in Australia and was founded in 1994. The Company is engaged in mineral sands exploration and mining business. The Company focuses on developing the WIM150 mineral sands project located in the Wimmera region of western Victoria. It also holds interest in the EL 5460 exploration tenement located in the Horsham region, Victoria.

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