GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Potash PLC (ASX:KP2) » Definitions » Long-Term Capital Lease Obligation

Kore Potash (ASX:KP2) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Jun. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Kore Potash Long-Term Capital Lease Obligation?

Kore Potash's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil.


Kore Potash Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kore Potash'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.

* Premium members only.

Kore Potash Long-Term Capital Lease Obligation Chart

Kore Potash Annual Data
Trend Dec14 Dec15 Dec16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Kore Potash Semi-Annual Data
Dec14 Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Kore Potash  (ASX:KP2) 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.

Kore Potash Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Kore Potash's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.


Kore Potash (ASX:KP2) Business Description

Industry
Traded in Other Exchanges
Address
45 Gresham Street, London, GBR, EC2V 7BG
Kore Potash PLC is an exploration and development company operating in a single segment which is mineral exploration in Central Africa. The primary asset of the company is the Sintoukola Potash SA (SPSA) project in the Republic of Congo. This project comprises the Kola sylvinite and carnallite deposits, the Dougou Extension sylvinite deposit, and the Dougou carnallite deposit.

Kore Potash (ASX:KP2) Headlines

No Headlines