Nagambie Resources (ASX:NAG) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Nagambie Resources Long-Term Capital Lease Obligation?

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

Nagambie Resources's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$0.06 Mil) to Jun. 2022 (A$0.00 Mil) but then stayed the same from Jun. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.00 Mil).

Nagambie Resources Long-Term Capital Lease Obligation Historical Data

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

Nagambie Resources Annual Data

Trend

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Jun23

Long-Term Capital Lease Obligation

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0.29

0.06

Nagambie Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Nagambie Resources (ASX:NAG) 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.

Nagambie Resources Long-Term Capital Lease Obligation Related Terms

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Nagambie Resources Business Description

Industry

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

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P6C:Germany

Address

533 Zanelli Road, P.O. Box 339, Nagambie, VIC, AUS, 3608

Website

https://www.nagambieresources.com.au

Nagambie Resources Ltd is engaged in the investigation and development of waste handling assets and the exploration and development of gold, associated minerals and construction materials in Australia. Geographically, the company operates within Australia.

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