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

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What is Octava Minerals Long-Term Capital Lease Obligation?

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

Octava Minerals Long-Term Capital Lease Obligation Historical Data

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

Octava Minerals Annual Data

Trend

Jun23

Long-Term Capital Lease Obligation

Octava Minerals Semi-Annual Data
	Dec21	Jun22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	-	-	-

Octava Minerals (ASX:OCT) 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.

Octava Minerals Long-Term Capital Lease Obligation Related Terms

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Octava Minerals (ASX:OCT) Business Description

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Address

234 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.octavaminerals.com

Octava Minerals Ltd is an exploration and resource development company. It focuses on the exploration of lithium, gold, Platinum Group Metals, and nickel at its mining tenements in Western Australia. The project portfolio comprises three main Project areas: - East Pilbara Talga; East Kimberley: and the Yallalong project.

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