Far East Gold (ASX:FEG) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Far East Gold Long-Term Capital Lease Obligation?

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

Far East Gold's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$0.03 Mil) but then declined from Jun. 2022 (A$0.03 Mil) to Jun. 2023 (A$0.00 Mil).

Far East Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Far East Gold'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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Far East Gold Long-Term Capital Lease Obligation Chart

Far East Gold Annual Data

Trend

Jun22

Jun23

Long-Term Capital Lease Obligation

0.03

Far East Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	0.05	0.03	-	-	-

Far East Gold (ASX:FEG) 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.

Far East Gold Long-Term Capital Lease Obligation Related Terms

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Far East Gold (ASX:FEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far East Gold Ltd (ASX:FEG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

324 Queen Street, Level 18, Brisbane, QLD, AUS, 4000

Website

https://www.fareast.gold

Far East Gold Ltd is engaged in the exploration of minerals. The group operates in two segments namely Australia and Indonesia. Its projects include Hill 212, Blue Grass creek, Mount Clark west, Woyla, Wonogiri, and Trenggalek.

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