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Tartana Minerals (ASX:TAT) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Tartana Minerals Long-Term Capital Lease Obligation?

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

Tartana Minerals's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$0.00 Mil) to Jun. 2022 (A$0.05 Mil) but then declined from Jun. 2022 (A$0.05 Mil) to Jun. 2023 (A$0.00 Mil).

Tartana Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tartana Minerals'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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Tartana Minerals Long-Term Capital Lease Obligation Chart

Tartana Minerals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.04 - 0.05 -

Tartana Minerals Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.05 - - -

Tartana Minerals  (ASX:TAT) 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.

Tartana Minerals Long-Term Capital Lease Obligation Related Terms

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Tartana Minerals (ASX:TAT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tartana Minerals Ltd (ASX:TAT) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
169 Blues Point Road, Level 2, North Sydney, NSW, AUS, 2060
Website
https://www.r3dresources.com.au
R3D Resources Ltd is engaged in the exploration, development, and production of copper and gold in Queensland and Tasmania. Some of its projects include Tartana Copper and Zinc Project in Northern Queensland; Zeehan Zinc Slag Project in Western Tasmania; Mt Hess Copper-Gold Project - Queensland and others.