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Jupiter Mines (ASX:JMS) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Aug. 2023)


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What is Jupiter Mines Long-Term Capital Lease Obligation?

Jupiter Mines's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was A$0.00 Mil.

Jupiter Mines's quarterly Long-Term Capital Lease Obligation increased from Aug. 2022 (A$0.00 Mil) to Feb. 2023 (A$0.42 Mil) but then declined from Feb. 2023 (A$0.42 Mil) to Aug. 2023 (A$0.00 Mil).

Jupiter Mines's annual Long-Term Capital Lease Obligation stayed the same from Feb. 2021 (A$0.00 Mil) to Feb. 2022 (A$0.00 Mil) but then increased from Feb. 2022 (A$0.00 Mil) to Feb. 2023 (A$0.42 Mil).


Jupiter Mines Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jupiter Mines'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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Jupiter Mines Long-Term Capital Lease Obligation Chart

Jupiter Mines Annual Data
Trend Aug17 Feb19 Feb20 Feb21 Feb22 Feb23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - - - - 0.42

Jupiter Mines Semi-Annual Data
Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - 0.42 -

Jupiter Mines  (ASX:JMS) 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.

Jupiter Mines Long-Term Capital Lease Obligation Related Terms

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Jupiter Mines (ASX:JMS) Business Description

Industry
Traded in Other Exchanges
Address
220 St Georges Terrace, Level 8, Perth, WA, AUS, 6000
Jupiter Mines Ltd is a mining explorer and producer focusing on iron ore and manganese exploration and development projects in Western Australia and South Africa. Its core assets are Tshipi Manganese Project and Central Yilgarn Iron Projects.

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