Flynn Gold (ASX:FG1) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)

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What is Flynn Gold Long-Term Capital Lease Obligation?

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

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

Flynn Gold's annual Long-Term Capital Lease Obligation declined from Jun. 2022 (A$0.04 Mil) to Jun. 2023 (A$0.00 Mil) but then increased from Jun. 2023 (A$0.00 Mil) to Jun. 2024 (A$0.00 Mil).

Flynn Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Flynn 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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Flynn Gold Long-Term Capital Lease Obligation Chart

Flynn Gold Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

0.05

0.04

Flynn Gold Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	-	-

Flynn Gold (ASX:FG1) 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.

Flynn Gold Long-Term Capital Lease Obligation Related Terms

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Flynn Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flynn Gold Ltd (ASX:FG1) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

96-100 Albert Road, Level 4, South Melbourne, VIC, AUS, 3205

Website

https://www.flynngold.com.au

Flynn Gold Ltd is a mineral exploration company targeting gold. The company has the Mt Dove project (Hemi South) in Western Australia, the Golden Ridge project, and the Portland project in Tasmania. The company operates in one segment, being an explorer of Gold.

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