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Belararox (ASX:BRX) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Belararox Long-Term Capital Lease Obligation?

Belararox's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.


Belararox Long-Term Capital Lease Obligation Historical Data

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

Belararox Annual Data
Trend Jun22 Jun23
Long-Term Capital Lease Obligation
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Belararox Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - - -

Belararox  (ASX:BRX) 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.

Belararox Long-Term Capital Lease Obligation Related Terms

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Belararox (ASX:BRX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
12-14 The Esplanade, Level 11, Perth, WA, AUS, 6000
Belararox Ltd is a mineral explorer company. The company focuses on the exploration and development of the Belara Project. It also develops Bullabulling Project, Coolgardie, TMT Argentina. The projects include the potential for zinc, copper, gold, silver, nickel, and lead resources.