Tietto Minerals (Tietto Minerals) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Tietto Minerals Long-Term Capital Lease Obligation?

Tietto Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.

Tietto Minerals's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 ($0.0 Mil) to Jun. 2023 ($0.0 Mil) but then increased from Jun. 2023 ($0.0 Mil) to Dec. 2023 ($0.0 Mil).

Tietto Minerals's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($0.0 Mil) to Jun. 2022 ($0.0 Mil) but then increased from Jun. 2022 ($0.0 Mil) to Dec. 2023 ($0.0 Mil).

Tietto Minerals Long-Term Capital Lease Obligation Historical Data

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

Tietto Minerals Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Long-Term Capital Lease Obligation

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0.04

0.01

Tietto Minerals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	-	0.01

Tietto Minerals (OTCPK:TIETF) 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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Tietto Minerals (Tietto Minerals) Business Description

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

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TIE:Australia

Address

123B Collin Street, Unit 22, Perth, WA, AUS, 6005

Website

https://www.tietto.com

Tietto Minerals Ltd is a mineral exploration company with a main focus on gold in West Africa. It operates as four segments which are Administration Australia, Exploration Liberia, Exploration Cote d'Ivoire and Development Cote d'Ivoire. The projects include Dube South Project, Cestos Project, and Abujar Au Project.