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OD6 Metals (ASX:OD6) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is OD6 Metals Long-Term Capital Lease Obligation?

OD6 Metals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.


OD6 Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for OD6 Metals'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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OD6 Metals Long-Term Capital Lease Obligation Chart

OD6 Metals Annual Data
Trend Jun22 Jun23
Long-Term Capital Lease Obligation
- -

OD6 Metals Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - - - -

OD6 Metals  (ASX:OD6) 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.

OD6 Metals Long-Term Capital Lease Obligation Related Terms

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OD6 Metals (ASX:OD6) Business Description

Industry
Traded in Other Exchanges
N/A
Address
C/- LCP Group, 50 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005
OD6 Metals Ltd is a mineral exploration company focused on the discovery and potential development of large-scale rare earth element (REE) deposits. The company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, approximately 30 to 150km north of the major port and town of Esperance.

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