New Hope (FRA:OD8) Long-Term Capital Lease Obligation : €0 Mil (As of Jan. 2024)

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What is New Hope Long-Term Capital Lease Obligation?

New Hope's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €0 Mil.

New Hope's quarterly Long-Term Capital Lease Obligation increased from Jan. 2023 (€0 Mil) to Jul. 2023 (€46 Mil) but then declined from Jul. 2023 (€46 Mil) to Jan. 2024 (€0 Mil).

New Hope's annual Long-Term Capital Lease Obligation increased from Jul. 2021 (€57 Mil) to Jul. 2022 (€58 Mil) but then declined from Jul. 2022 (€58 Mil) to Jul. 2023 (€46 Mil).

New Hope Long-Term Capital Lease Obligation Historical Data

The historical data trend for New Hope'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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New Hope Long-Term Capital Lease Obligation Chart

New Hope Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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3.27

44.93

56.85

58.34

45.80

New Hope Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	58.34	-	45.80	-

New Hope (FRA:OD8) 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.

New Hope Long-Term Capital Lease Obligation Related Terms

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New Hope (FRA:OD8) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » New Hope Corp Ltd (FRA:OD8) » Definitions » Long-Term Capital Lease Obligation

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NHPEF:USA NHC:Australia

Address

175 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should produce around 13 million metric tons of equity salable thermal coal annually from fiscal 2027, up from around 8 million in fiscal 2023, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 15% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.

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