International Graphite (ASX:IG6) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is International Graphite Long-Term Capital Lease Obligation?

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

International Graphite's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.05 Mil) but then declined from Jun. 2023 (A$0.05 Mil) to Dec. 2023 (A$0.00 Mil).

International Graphite's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$0.06 Mil) but then declined from Jun. 2022 (A$0.06 Mil) to Jun. 2023 (A$0.05 Mil).

International Graphite Long-Term Capital Lease Obligation Historical Data

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

International Graphite Annual Data

Trend

Jun22

Jun23

Long-Term Capital Lease Obligation

0.06

0.05

International Graphite Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	0.01	0.06	-	0.05	-

International Graphite (ASX:IG6) 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.

International Graphite Long-Term Capital Lease Obligation Related Terms

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International Graphite (ASX:IG6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Graphite Ltd (ASX:IG6) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

H99:Germany

Address

333 Charles Street, Level 1, North Perth, Perth, WA, AUS, 6006

Website

https://www.internationalgraphite.technology

International Graphite Ltd is engaged in the processing, treatment and production of graphite. The company intends to develop a downstream graphite processing business to treat mined graphite concentrates and produce finished graphite products for specialised industrial applications and Battery Anode Material (BAM) to meet projected global of lithium-ion batteries. Western Australia is developing a battery hub in the southwest of the state to feed the growing international battery demand. The company plans to be an integral part of this battery commodity supply chain in Western Australia and internationally.

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