GURUFOCUS.COM » STOCK LIST » USA » NYSE » Gold Fields Ltd (NYSE:GFI) » Definitions » Long-Term Capital Lease Obligation
Switch to:

Gold Fields (NYSE:GFI) Long-Term Capital Lease Obligation

: $360 Mil (As of Dec. 2023)
View and export this data going back to 1992. Start your Free Trial

Gold Fields's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $360 Mil.

Gold Fields's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($330 Mil) to Jun. 2023 ($335 Mil) and increased from Jun. 2023 ($335 Mil) to Dec. 2023 ($360 Mil).

Gold Fields's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($355 Mil) to Dec. 2022 ($330 Mil) but then increased from Dec. 2022 ($330 Mil) to Dec. 2023 ($360 Mil).


Gold Fields Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gold Fields'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.

Gold Fields Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 287.70 364.80 355.10 330.10 359.70

Gold Fields 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 355.10 335.50 330.10 334.50 359.70

Gold Fields  (NYSE:GFI) 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.

Gold Fields Long-Term Capital Lease Obligation Related Terms

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


Gold Fields (NYSE:GFI) Business Description

Industry
Address
150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.