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Aquarius Platinum (Aquarius Platinum) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2015)


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What is Aquarius Platinum Long-Term Capital Lease Obligation?

Aquarius Platinum's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2015 was $0.0 Mil.

Aquarius Platinum's quarterly Long-Term Capital Lease Obligation increased from Dec. 2014 ($0.0 Mil) to Jun. 2015 ($2.0 Mil) but then declined from Jun. 2015 ($2.0 Mil) to Dec. 2015 ($0.0 Mil).

Aquarius Platinum's annual Long-Term Capital Lease Obligation increased from Jun. 2013 ($1.0 Mil) to Jun. 2014 ($1.2 Mil) and increased from Jun. 2014 ($1.2 Mil) to Jun. 2015 ($2.0 Mil).


Aquarius Platinum Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aquarius Platinum'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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Aquarius Platinum Long-Term Capital Lease Obligation Chart

Aquarius Platinum Annual Data
Trend Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.07 5.49 0.95 1.21 2.02

Aquarius Platinum Semi-Annual Data
Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 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 - 1.21 - 2.02 -

Aquarius Platinum  (OTCPK:AQPTY) 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.

Aquarius Platinum Long-Term Capital Lease Obligation Related Terms

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Aquarius Platinum (Aquarius Platinum) Business Description

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Aquarius Platinum Ltd was incorporated in Bermuda as an exempted company and is subject to Bermudian law. The Company is a producer of the platinum group metals, which comprise platinum, palladium, rhodium, osmium, ruthenium and iridium. The Ruthenium and iridium are produced in smaller quantities as co-products, with the base metals nickel, copper and chrome produced as by-products. The Company's operations include Kroondal and Mimosa. The Kroondal is located up-dip of Amplat's Rustenburg Platinum Mine, exploits the UG2 reef in the Townlands and Kroondal ore bodies via five operating decline shafts to depths of up to 700m. The Mimosa is located on the Wedza sub-chamber of the southern portion of the Great Dyke in Zimbabwe.

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