Mongolia Energy (Mongolia Energy) Long-Term Capital Lease Obligation : $0.7 Mil (As of Sep. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Mongolia Energy Long-Term Capital Lease Obligation?

Mongolia Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.7 Mil.

Mongolia Energy's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.1 Mil) to Mar. 2023 ($0.6 Mil) and increased from Mar. 2023 ($0.6 Mil) to Sep. 2023 ($0.7 Mil).

Mongolia Energy's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($0.3 Mil) to Mar. 2022 ($0.1 Mil) but then increased from Mar. 2022 ($0.1 Mil) to Mar. 2023 ($0.6 Mil).

Mongolia Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mongolia Energy'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.

* Premium members only.

Mongolia Energy Long-Term Capital Lease Obligation Chart

Mongolia Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.27

0.30

0.14

0.61

Mongolia Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.42	0.14	0.10	0.61	0.66

Mongolia Energy (OTCPK:MOAEY) 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.

Mongolia Energy Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Mongolia Energy's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Mongolia Energy (Mongolia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolia Energy Corp Ltd (OTCPK:MOAEY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MOAEF:USA 00276:Hong Kong NWW:Germany

Address

118 Connaught Road West, 17th Floor, Hong Kong, HKG

Website

http://www.mongolia-energy.com

Mongolia Energy Corp Ltd is an investment holding company. The company's principal business is coal mining and exploration which is operated by its indirect wholly-owned subsidiary in Mongolia. Its principal project is the Khushuut Coking Coal Project in Western Mongolia, it also has interest in the Gobi Altay and Olon Bulag project. The Khushuut Coal Mine is located approximately 1,350 km west of Ulaanbaatar in the Khovd Province of Western Mongolia. It is about 311 km from the Xinjiang Takeshiken border, connecting the Khushuut Road. The group is principally engaged in mining, processing and sale of coal in the PRC and Mongolia. Mongolia Energy derives all of its revenue from Coal mining. Geographically company derives a majority of its revenue from PRC.

Mongolia Energy (Mongolia Energy) Headlines

No Headlines