Desert Metals (ASX:DM1) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)

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What is Desert Metals Long-Term Capital Lease Obligation?

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

Desert Metals Long-Term Capital Lease Obligation Historical Data

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

Desert Metals Annual Data

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Long-Term Capital Lease Obligation

Desert Metals Semi-Annual Data
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Desert Metals (ASX:DM1) 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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Desert Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Desert Metals Ltd (ASX:DM1) » Definitions » Long-Term Capital Lease Obligation

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Address

389 Oxford Street, Suite 9, Level 2, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.desertmetals.com.au

Desert Metals Ltd is a mineral exploration company. The company explores nickel and copper. The company has one reportable segment, namely the mineral exploration industry It is focused on developing the Narryer Project. Agboville Lithium Project, Tengrela South Gold Project and other projects.

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