MLG Oz (ASX:MLG) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is MLG Oz Long-Term Capital Lease Obligation?

MLG Oz's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil.

MLG Oz's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$29.8 Mil) but then declined from Jun. 2023 (A$29.8 Mil) to Dec. 2023 (A$0.0 Mil).

MLG Oz's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$21.5 Mil) to Jun. 2022 (A$41.2 Mil) but then declined from Jun. 2022 (A$41.2 Mil) to Jun. 2023 (A$29.8 Mil).

MLG Oz Long-Term Capital Lease Obligation Historical Data

The historical data trend for MLG Oz'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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MLG Oz Long-Term Capital Lease Obligation Chart

MLG Oz Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

21.51

41.17

29.78

MLG Oz Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	41.17	-	29.78	-

MLG Oz (ASX:MLG) 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.

MLG Oz Long-Term Capital Lease Obligation Related Terms

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MLG Oz (ASX:MLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MLG Oz Ltd (ASX:MLG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

10 Yindi Way, Broadwood, Kalgoorlie, WA, AUS, 6430

Website

https://www.mlgoz.com.au

MLG Oz Ltd operates within the Australian mining industry. It offers comprehensive supply chain solutions such as crushing and screening, quarry products and bulk transport services.