Legacy Iron Ore (ASX:LCY) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Sep. 2023)

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What is Legacy Iron Ore Long-Term Capital Lease Obligation?

Legacy Iron Ore's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.00 Mil.

Legacy Iron Ore's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (A$0.00 Mil) to Mar. 2023 (A$0.05 Mil) but then declined from Mar. 2023 (A$0.05 Mil) to Sep. 2023 (A$0.00 Mil).

Legacy Iron Ore's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (A$0.02 Mil) to Mar. 2022 (A$0.00 Mil) but then increased from Mar. 2022 (A$0.00 Mil) to Mar. 2023 (A$0.05 Mil).

Legacy Iron Ore Long-Term Capital Lease Obligation Historical Data

The historical data trend for Legacy Iron Ore'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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Legacy Iron Ore Long-Term Capital Lease Obligation Chart

Legacy Iron Ore Annual Data

Trend

Jun13

Jun14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.07

0.02

0.05

Legacy Iron Ore Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.05	-

Legacy Iron Ore (ASX:LCY) 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.

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Legacy Iron Ore (ASX:LCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Legacy Iron Ore Ltd (ASX:LCY) » Definitions » Long-Term Capital Lease Obligation

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Address

200 Adelaide Terrace, Level 6, West Perth, Perth, WA, AUS, 6004

Website

http://www.legacyiron.com.au

Legacy Iron Ore Ltd is engaged in the exploration and development of mineral properties. It holds a diverse portfolio of assets spanning iron ore, gold and base metals, Tungsten, Rare earth elements. Its projects include Mt Bevan Project, South Laverton Gold Project, Mt. Celia Project and many more.