Adriatic Metals (Adriatic Metals) Long-Term Capital Lease Obligation : $6.64 Mil (As of Dec. 2023)

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What is Adriatic Metals Long-Term Capital Lease Obligation?

Adriatic Metals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.64 Mil.

Adriatic Metals's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($5.81 Mil) to Jun. 2023 ($5.68 Mil) but then increased from Jun. 2023 ($5.68 Mil) to Dec. 2023 ($6.64 Mil).

Adriatic Metals's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.63 Mil) to Dec. 2022 ($5.81 Mil) and increased from Dec. 2022 ($5.81 Mil) to Dec. 2023 ($6.64 Mil).

Adriatic Metals Long-Term Capital Lease Obligation Historical Data

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

Adriatic Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.31

0.63

5.81

6.64

Adriatic Metals 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							0.63	1.84	5.81	5.68	6.64

Adriatic Metals (OTCPK:ADMLF) 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.

Adriatic Metals Long-Term Capital Lease Obligation Related Terms

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Adriatic Metals (Adriatic Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adriatic Metals PLC (OTCPK:ADMLF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ADTLF:USA ADT1l:UK ADT1:UK 3FN:Germany ADT:Australia

Address

65 Rodney Road, Ground Floor, Regent House, Cheltenham, GBR, GL50 1HX

Website

https://www.adriaticmetals.com

Adriatic Metals PLC is engaged in mineral exploration. The projects of the company are The Veovaca and The Raska. The Veovaca is historic open-cut zinc, lead, barite, and silver mine and the Raska project is an advanced exploration project which exhibits exceptionally high grades of the base and precious metals and is located approximately 17km North-West of the Veovaca Project.

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