Lunnon Metals (ASX:LM8) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)

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What is Lunnon Metals Long-Term Capital Lease Obligation?

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

Lunnon Metals's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (A$0.00 Mil) to Jun. 2024 (A$0.03 Mil) but then declined from Jun. 2024 (A$0.03 Mil) to Dec. 2024 (A$0.00 Mil).

Lunnon Metals's annual Long-Term Capital Lease Obligation increased from Jun. 2022 (A$0.01 Mil) to Jun. 2023 (A$0.07 Mil) but then declined from Jun. 2023 (A$0.07 Mil) to Jun. 2024 (A$0.03 Mil).

Lunnon Metals Long-Term Capital Lease Obligation Historical Data

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

Lunnon Metals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

0.02

0.01

0.07

0.03

Lunnon Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	0.07	-	0.03	-

Lunnon Metals (ASX:LM8) 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.

Lunnon Metals Long-Term Capital Lease Obligation Related Terms

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Lunnon Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lunnon Metals Ltd (ASX:LM8) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

33 Richardson Street, Suite 10, Level 3, West Perth, WA, AUS, 6005

Website

https://www.lunnonmetals.com.au

Lunnon Metals Ltd is a mineral resource exploration and development company, with a focus on nickel and gold. Its principal activities were on its Kambalda Nickel Project (KNP), located immediately south of Kambalda, Western Australia.

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