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Killi Resources (ASX:KLI) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Killi Resources Long-Term Capital Lease Obligation?

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


Killi Resources Long-Term Capital Lease Obligation Historical Data

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

Killi Resources Annual Data
Trend Jun22 Jun23
Long-Term Capital Lease Obligation
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Killi Resources Semi-Annual Data
Jun21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - - - -

Killi Resources  (ASX:KLI) 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.

Killi Resources Long-Term Capital Lease Obligation Related Terms

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Killi Resources Business Description

Industry
Traded in Other Exchanges
N/A
Address
945 Wellington Street, West Perth, Perth, WA, AUS, 6005
Killi Resources Ltd is engaged in the exploration of gold and copper in both Western Australia and Queensland. It owns four exploration projects include West Tanami, Mt Rawdon West, and Ravenswood North.

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