Desoto Resources (ASX:DES) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)

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What is Desoto Resources Long-Term Capital Lease Obligation?

Desoto Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil.

Desoto Resources's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (A$0.00 Mil) to Jun. 2024 (A$0.10 Mil) but then declined from Jun. 2024 (A$0.10 Mil) to Dec. 2024 (A$0.00 Mil).

Desoto Resources's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Jun. 2023 (A$0.16 Mil) but then declined from Jun. 2023 (A$0.16 Mil) to Jun. 2024 (A$0.10 Mil).

Desoto Resources Long-Term Capital Lease Obligation Historical Data

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

Desoto Resources Annual Data

Trend

Jun23

Jun24

Long-Term Capital Lease Obligation

0.16

0.10

Desoto Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	-	0.16	-	0.10	-

Desoto Resources (ASX:DES) 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.

Desoto Resources Long-Term Capital Lease Obligation Related Terms

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Desoto Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Desoto Resources Ltd (ASX:DES) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Outram Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.desotoresources.com

Desoto Resources Ltd is into exploring and developing mineral projects. It owns interest in the Pine Creek Project located in the Northern Territory. The company's project includes fenix lithium-gold project, fenton gold project, and spectrum ree project.

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