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

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What is Citigold Long-Term Capital Lease Obligation?

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

Citigold Long-Term Capital Lease Obligation Historical Data

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

Citigold Annual Data

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Long-Term Capital Lease Obligation

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Citigold Semi-Annual Data
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Citigold (ASX:CTO) 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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Citigold (ASX:CTO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Citigold Corp Ltd (ASX:CTO) » Definitions » Long-Term Capital Lease Obligation

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CHP:Germany

Address

1024 Ann Street, Level 1, Fortitude Valley, Brisbane, QLD, AUS, 4006

Website

https://www.citigold.com

Citigold Corp Ltd is a gold mining, exploration, and development company. It is engaged in the mining and exploratory activities of the Charters Towers goldfield located in northeast Australia. The main asset of the company is the Charters Towers Gold Project comprising the gold deposit. The majority of the investment is in the development of goldfield.