Genmin (ASX:GEN) Long-Term Capital Lease Obligation : A$0.16 Mil (As of Dec. 2024)

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What is Genmin Long-Term Capital Lease Obligation?

Genmin's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.16 Mil.

Genmin's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (A$0.00 Mil) to Jun. 2024 (A$0.00 Mil) but then increased from Jun. 2024 (A$0.00 Mil) to Dec. 2024 (A$0.16 Mil).

Genmin's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (A$0.13 Mil) to Dec. 2023 (A$0.00 Mil) but then increased from Dec. 2023 (A$0.00 Mil) to Dec. 2024 (A$0.16 Mil).

Genmin Long-Term Capital Lease Obligation Historical Data

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

Genmin Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.01

0.23

0.13

0.16

Genmin Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.13	-	-	-	0.16

Genmin (ASX:GEN) 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.

Genmin Long-Term Capital Lease Obligation Related Terms

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Genmin Business Description

Industry

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

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Traded in Other Exchanges

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Address

216 Street Georges Terrace, Suite 3, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.genmingroup.com

Genmin Ltd is an iron ore exploration and development company with pipeline of projects in Gabon. The company has six exploration licenses in Gabon, covering three projects. Its project includes Baniaka; Bakoumba and Bitam polymetallic project. The company's operating segments include Gabon Exploration and Corporate.