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

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What is Ordell Minerals Long-Term Capital Lease Obligation?

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

Ordell Minerals Long-Term Capital Lease Obligation Historical Data

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

Ordell Minerals Annual Data

Trend

Dec23

Long-Term Capital Lease Obligation

Ordell Minerals Semi-Annual Data
	Dec23
Long-Term Capital Lease Obligation	-

Ordell Minerals (ASX:ORD) 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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Ordell Minerals Business Description

Industry

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

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Address

Unit 13, 6 – 10 Douro Place, West Perth, WA, AUS

Website

https://www.ordellminerals.com.au

Ordell Minerals Ltd is a Company engaged in exploration of and, where appropriate, development of its Projects possessing gold and/or lithium and other metals and minerals. The Company's motive is to build Shareholder value by acquiring, exploring and exploiting its mineral resource prospects. The company's three main mineral projects include an approximate eighty percent interest in the Barimaia Project (gold), Hundred percent ownership of the Goodia Project (lithium and gold), and Hundred percent ownership of the Fisher South Project (gold).

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