Magontec (ASX:MGL) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)

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What is Magontec Long-Term Capital Lease Obligation?

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

Magontec Long-Term Capital Lease Obligation Historical Data

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

Magontec Annual Data

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Long-Term Capital Lease Obligation

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Magontec Semi-Annual Data
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Magontec (ASX:MGL) 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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Magontec Business Description

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

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Address

139 Macquarie Street, Level 2, Suite 1, Sydney, NSW, AUS, 2000

Website

http://www.magontec.com

Magontec Ltd is engaged in the manufacturing and sale of generic and specialist magnesium alloys as well as magnesium and titanium cathodic corrosion protection products. It also researches and develops new proprietary magnesium alloys and technologies. The company's products and services are Primary Mg Alloy, Magnesium Alloy Recycling, and Cathodic Corrosion Protection. It has three segments: Admin, EUR and PRC.

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