Avocet Resources (FRA:U3O) Long-Term Capital Lease Obligation : €0.00 Mil (As of Jun. 2013)

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What is Avocet Resources Long-Term Capital Lease Obligation?

Avocet Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2013 was €0.00 Mil.

Avocet Resources's annual Long-Term Capital Lease Obligation increased from Jun. 2010 (€0.00 Mil) to Jun. 2011 (€0.10 Mil) but then declined from Jun. 2011 (€0.10 Mil) to Jun. 2012 (€0.00 Mil).

Avocet Resources Long-Term Capital Lease Obligation Historical Data

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

Avocet Resources Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Long-Term Capital Lease Obligation

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0.03

0.04

0.10

Avocet Resources Quarterly Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.10	-	-	-	-

Avocet Resources (FRA:U3O) 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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Avocet Resources (FRA:U3O) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avocet Resources Ltd (FRA:U3O) » Definitions » Long-Term Capital Lease Obligation

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Address

Website

http://www.U308.com.au

Avocet Resources Ltd is a uranium exploration company with projects in Western Australia, Queensland and South Australia. The Company holds a portfolio with 25 tenements in Western Australia, one in South Australia and a further five in Queensland.

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