DRDGold (DRDGold) Long-Term Capital Lease Obligation : $1.5 Mil (As of Jun. 2023)

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What is DRDGold Long-Term Capital Lease Obligation?

DRDGold's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.5 Mil.

DRDGold's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 ($2.7 Mil) to Jun. 2022 ($2.1 Mil) and declined from Jun. 2022 ($2.1 Mil) to Jun. 2023 ($1.5 Mil).

DRDGold's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($2.7 Mil) to Jun. 2022 ($2.1 Mil) and declined from Jun. 2022 ($2.1 Mil) to Jun. 2023 ($1.5 Mil).

DRDGold Long-Term Capital Lease Obligation Historical Data

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

DRDGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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2.16

2.72

2.07

1.52

DRDGold Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	2.16	2.72	2.07	1.52

DRDGold (OTCPK:DRDGF) 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.

DRDGold Long-Term Capital Lease Obligation Related Terms

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DRDGold (DRDGold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DRD:South Africa DRD:USA 0ICU:UK DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

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