Many Peaks Minerals (ASX:MPK) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Many Peaks Minerals Long-Term Capital Lease Obligation?

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

Many Peaks Minerals Long-Term Capital Lease Obligation Historical Data

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

Many Peaks Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

Many Peaks Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
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Many Peaks Minerals (ASX:MPK) 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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Many Peaks Minerals (ASX:MPK) Business Description

Industry

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

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Address

1060 Hay Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.manypeaks.com.au

Many Peaks Minerals Ltd is a mineral exploration and development company focused on the central region of Queensland. The company has two project baskets which include QLD Australia and NL Canada.

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