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

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What is Norwest Minerals Long-Term Capital Lease Obligation?

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

Norwest Minerals Long-Term Capital Lease Obligation Historical Data

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

Norwest Minerals Annual Data

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Long-Term Capital Lease Obligation

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Norwest Minerals Semi-Annual Data
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Norwest Minerals (ASX:NWM) 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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Norwest Minerals Business Description

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

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Address

7 Ventnor Avenue, Suite 1A, First Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.norwestminerals.com.au

Norwest Minerals Ltd is a gold and base metals exploration company. It holds an interest in gold and base-metal projects including the Warriedar Project, Bali Copper, Bulgera Gold, Arunta West Project, Marymia Project, and Marriott Nickel Project. The principal continuing activities of the Company were engaging in the business of seeking to exploit and mine natural resources. It is organised into one operating segment, being mining and exploration operations.

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