Resolute Mining (Resolute Mining) Long-Term Capital Lease Obligation : $9.6 Mil (As of Dec. 2023)

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What is Resolute Mining Long-Term Capital Lease Obligation?

Resolute Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.6 Mil.

Resolute Mining's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($12.5 Mil) to Jun. 2023 ($11.0 Mil) and declined from Jun. 2023 ($11.0 Mil) to Dec. 2023 ($9.6 Mil).

Resolute Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($8.1 Mil) to Dec. 2022 ($12.5 Mil) but then declined from Dec. 2022 ($12.5 Mil) to Dec. 2023 ($9.6 Mil).

Resolute Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Resolute Mining'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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Resolute Mining Long-Term Capital Lease Obligation Chart

Resolute Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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26.04

12.36

8.09

12.54

9.63

Resolute Mining 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															8.09	6.95	12.54	10.99	9.63

Resolute Mining (OTCPK:RMGGY) 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.

Resolute Mining Long-Term Capital Lease Obligation Related Terms

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Resolute Mining (Resolute Mining) Business Description

Industry

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

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Address

152 St Georges Terrace, Level 37, Central Park Tower, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into three main business divisions, namely: Mako (Senegal), and Syama (Mali). The firm generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.