New Century Resources (New Century Resources) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2022)

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What is New Century Resources Long-Term Capital Lease Obligation?

New Century Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.0 Mil.

New Century Resources's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Jun. 2022 ($8.9 Mil) but then declined from Jun. 2022 ($8.9 Mil) to Dec. 2022 ($0.0 Mil).

New Century Resources's annual Long-Term Capital Lease Obligation declined from Jun. 2020 ($23.4 Mil) to Jun. 2021 ($18.4 Mil) and declined from Jun. 2021 ($18.4 Mil) to Jun. 2022 ($8.9 Mil).

New Century Resources Long-Term Capital Lease Obligation Historical Data

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

New Century Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

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23.42

18.42

8.93

New Century Resources Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	18.42	-	8.93	-

New Century Resources (OTCPK:NWNNF) 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 Century Resources Long-Term Capital Lease Obligation Related Terms

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New Century Resources (New Century Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Century Resources Ltd (OTCPK:NWNNF) » Definitions » Long-Term Capital Lease Obligation

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Address

360 Collins Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.newcenturyresources.com

New Century Resources Ltd is a mining company focused on producing metal from globally significant assets, acquired on attractive terms while rehabilitating legacy impacts on the environment. The company is a Zinc producer, operating Australia's hydraulic mining operation at the Century Mine in Queensland; extracting, processing and shipping Zinc reprocessed from historical tailings waste. It is actively progressing organic growth opportunities through in-situ projects at Century and exploring the potential to restart the Mt Lyell Copper Mine in Tasmania using renewable energy. In addition, the group is partnering with major mining companies to reprocess and rehabilitate tailings, to the benefit of the shareholders and the environment.

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