Merafe Resources (JSE:MRF) Long-Term Capital Lease Obligation : R6 Mil (As of Dec. 2023)

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What is Merafe Resources Long-Term Capital Lease Obligation?

Merafe Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R6 Mil.

Merafe Resources's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (R9 Mil) to Jun. 2023 (R7 Mil) and declined from Jun. 2023 (R7 Mil) to Dec. 2023 (R6 Mil).

Merafe Resources's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R11 Mil) to Dec. 2022 (R9 Mil) and declined from Dec. 2022 (R9 Mil) to Dec. 2023 (R6 Mil).

Merafe Resources Long-Term Capital Lease Obligation Historical Data

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

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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19.97

15.58

10.92

9.06

5.91

Merafe Resources 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															10.92	11.09	9.06	7.16	5.91

Merafe Resources (JSE:MRF) 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.

Merafe Resources Long-Term Capital Lease Obligation Related Terms

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Merafe Resources (JSE:MRF) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Merafe Resources Ltd (JSE:MRF) » Definitions » Long-Term Capital Lease Obligation

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RZT:Germany

Address

35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191

Website

https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.