Omnia Metals Group (ASX:OM1) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Omnia Metals Group Long-Term Capital Lease Obligation?

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

Omnia Metals Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.03 Mil) but then declined from Jun. 2023 (A$0.03 Mil) to Dec. 2023 (A$0.00 Mil).

Omnia Metals Group's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$0.07 Mil) but then declined from Jun. 2022 (A$0.07 Mil) to Jun. 2023 (A$0.03 Mil).

Omnia Metals Group Long-Term Capital Lease Obligation Historical Data

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

Omnia Metals Group Annual Data

Trend

Jun22

Jun23

Long-Term Capital Lease Obligation

0.07

0.03

Omnia Metals Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	0.07	-	0.03	-

Omnia Metals Group (ASX:OM1) 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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Omnia Metals Group (ASX:OM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omnia Metals Group Ltd (ASX:OM1) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Townshend Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.omniametals.com.au

Omnia Metals Group Ltd is a mineral exploration company focused on exploring copper, nickel, platinum group elements (PGE), and gold. The company holds interest in the Ord Basin Project and the Albany-Fraser Project. Its operating segment includes Exploration and evaluation - in Australia, Exploration and evaluation - in Canada, and Other sectors in corporate.

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