Petra Diamonds (Petra Diamonds) Long-Term Capital Lease Obligation : $21.6 Mil (As of Dec. 2023)

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What is Petra Diamonds Long-Term Capital Lease Obligation?

Petra Diamonds's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $21.6 Mil.

Petra Diamonds's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($17.8 Mil) to Jun. 2023 ($25.8 Mil) but then declined from Jun. 2023 ($25.8 Mil) to Dec. 2023 ($21.6 Mil).

Petra Diamonds's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($0.5 Mil) to Jun. 2022 ($19.2 Mil) and increased from Jun. 2022 ($19.2 Mil) to Jun. 2023 ($25.8 Mil).

Petra Diamonds Long-Term Capital Lease Obligation Historical Data

The historical data trend for Petra Diamonds'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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Petra Diamonds Long-Term Capital Lease Obligation Chart

Petra Diamonds Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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1.10

0.50

19.20

25.80

Petra Diamonds 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	Get a 7-Day Free Trial															23.60	19.20	17.80	25.80	21.60

Petra Diamonds (OTCPK:PDLMF) 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.

Petra Diamonds Long-Term Capital Lease Obligation Related Terms

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Petra Diamonds (Petra Diamonds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Petra Diamonds Ltd (OTCPK:PDLMF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PDLl:UK PDL:UK FPO:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

https://www.petradiamonds.com

Petra Diamonds Ltd is an independent diamond mining company and supplier of rough diamonds to the international market. Group functions through Mining and Exploration segment which include extraction and sale of rough diamonds from mining operations in South Africa and Tanzania and exploration activities in Botswana. Its operating mines include Finsch, Cullinan, Koffiefontein, and Williamson. Revenue for the firm is generated through the sale of goods.