Minerals 260 (ASX:MI6) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)

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What is Minerals 260 Long-Term Capital Lease Obligation?

Minerals 260's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil.

Minerals 260's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (A$0.00 Mil) to Jun. 2024 (A$0.51 Mil) but then declined from Jun. 2024 (A$0.51 Mil) to Dec. 2024 (A$0.00 Mil).

Minerals 260's annual Long-Term Capital Lease Obligation increased from Jun. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.06 Mil) and increased from Jun. 2023 (A$0.06 Mil) to Jun. 2024 (A$0.51 Mil).

Minerals 260 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Minerals 260'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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Minerals 260 Long-Term Capital Lease Obligation Chart

Minerals 260 Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

0.06

0.51

Minerals 260 Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	0.06	-	0.51	-

Minerals 260 (ASX:MI6) 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.

Minerals 260 Long-Term Capital Lease Obligation Related Terms

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Minerals 260 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minerals 260 Ltd (ASX:MI6) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MTSZF:USA

Address

1292 Hay Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.minerals260.com.au

Minerals 260 Ltd is a mineral exploration company. The company's projects include Moora Project, Koojan JV Project, Dingo Rocks, and Yalwest.

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