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


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What is EV Resources Long-Term Capital Lease Obligation?

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


EV Resources Long-Term Capital Lease Obligation Historical Data

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

EV Resources Annual Data
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Long-Term Capital Lease Obligation
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EV Resources Semi-Annual Data
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EV Resources  (ASX:EVR) 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.

EV Resources Long-Term Capital Lease Obligation Related Terms

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EV Resources (ASX:EVR) Business Description

Industry
Traded in Other Exchanges
Address
311-313 Hay Street, Subiaco, Perth, WA, AUS, 6008
EV Resources Ltd, formerly Jadar Resources Ltd explores and develops industrial metals and minerals. The company's exploration areas are located in Serbia and Austria and Peru. Its Serbian licenses target two different styles of lithium mineralisation: Granite complexes with pegmatite and greisen mineralisation; and Jadar-style sedimentary sequences in buried lake basins which contain extensive zones of hydrothermal lithium-borate mineralization. Its projects include Rekovac, Yanamina Gold project and other lithium projects.

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