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Piche Resources (ASX:PR2) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)


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What is Piche Resources Long-Term Capital Lease Obligation?

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


Piche Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Piche Resources'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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Piche Resources Long-Term Capital Lease Obligation Chart

Piche Resources Annual Data
Trend Jun23 Jun24
Long-Term Capital Lease Obligation
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Piche Resources Semi-Annual Data
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Long-Term Capital Lease Obligation - - - -

Piche Resources  (ASX:PR2) 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.

Piche Resources Long-Term Capital Lease Obligation Related Terms

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Piche Resources Business Description

Industry
Traded in Other Exchanges
N/A
Address
225 St Georges Terrace, Level 4, Perth, WA, AUS, 6000
Piche Resources Ltd is a mineral exploration company, focusing on exploration for uranium, as well as other precious and base metals, specifically, gold, silver, copper, lead, zinc and rare earth elements (REEs) in Western Australia and Argentina. The company owns a suite of seven granted exploration licences in Western Australia, covering four projects - Ashburton, GascoyneMinindi, Abydos and Beasley Creek. In Argentina the company owns 10 granted mining concessions and 18 applications for mining concessions covering two projects - Sierra Cuadrada and Cerro Chacon.

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