Amex Resources (Amex Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2016)

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What is Amex Resources Long-Term Capital Lease Obligation?

Amex Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2016 was $0.00 Mil.

Amex Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Amex 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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Amex Resources Long-Term Capital Lease Obligation Chart

Amex Resources Annual Data

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Long-Term Capital Lease Obligation

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Amex Resources Semi-Annual Data
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Amex Resources (OTCPK:AMXXF) 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.

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Amex Resources (Amex Resources) Business Description

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Website

http://www.amex.net.au

Amex Resources Ltd is focused on gold and base metals exploration. The company's tenements are located within Western Australia with the majority of the portfolio situated in the Eastern Goldfields. The company has 100% ownership of 8 exploration projects and aims to upgrade its core assets through continual geological reviews.

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