West Wits Mining (ASX:WWI) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is West Wits Mining Long-Term Capital Lease Obligation?

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

West Wits Mining's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.01 Mil) but then declined from Jun. 2023 (A$0.01 Mil) to Dec. 2023 (A$0.00 Mil).

West Wits Mining's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$0.00 Mil) to Jun. 2022 (A$0.09 Mil) but then declined from Jun. 2022 (A$0.09 Mil) to Jun. 2023 (A$0.01 Mil).

West Wits Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for West Wits Mining'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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West Wits Mining Long-Term Capital Lease Obligation Chart

West Wits Mining Annual Data

Trend

Jun14

Jun15

Jun16

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Jun18

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Jun20

Jun21

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Jun23

Long-Term Capital Lease Obligation

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0.09

0.01

West Wits Mining 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															-	0.09	-	0.01	-

West Wits Mining (ASX:WWI) 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.

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West Wits Mining (ASX:WWI) Business Description

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WMWWF:USA

Address

400 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.westwitsmining.com

West Wits Mining Ltd is an exploration and development company. It focuses on conglomerate gold in two regions, Pilbara and Witwatersrand. The reportable segments of the company are based on the geographic locations of South Africa and Australia. Mining and exploration activities are carried out in South African segments, whereas the Australian segment reflects only the administrative arm of the business that supports the mining and exploration activities in the other two geographical locations. The projects operated by the company are Mt Cecelia, Tambina, Witwatersrand Basin, and Derewo River Gold project. The company operates in one operating segment which is mining & exploration. Geographically it operates in South Africa, Indonesia and Australia.

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