Evolution Mining (Evolution Mining) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Evolution Mining Long-Term Capital Lease Obligation?

Evolution Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Evolution Mining's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0 Mil) to Jun. 2023 ($24 Mil) but then declined from Jun. 2023 ($24 Mil) to Dec. 2023 ($0 Mil).

Evolution Mining's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($8 Mil) to Jun. 2022 ($6 Mil) but then increased from Jun. 2022 ($6 Mil) to Jun. 2023 ($24 Mil).

Evolution Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Evolution 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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Evolution Mining Long-Term Capital Lease Obligation Chart

Evolution Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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14.58

8.17

6.39

23.70

Evolution 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															-	6.39	-	23.70	-

Evolution Mining (OTCPK:CAHPF) 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.

Evolution Mining Long-Term Capital Lease Obligation Related Terms

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Evolution Mining (Evolution Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Evolution Mining Ltd (OTCPK:CAHPF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WE7:Germany EVN:Australia

Address

175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.evolutionmining.com.au

Evolution Mining is an Australian-based gold miner. It sold around 650,000 ounces of gold in fiscal 2023 from five wholly owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were bought in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, and the rest of Ernest Henry in 2022. It has also agreed to buy an 80% stake in the Northparkes copper and gold mine in New South Wales, likely effective January 2024. It had roughly 13 years of gold reserves at end fiscal 2023.