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Prospech (ASX:PRS) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2024)


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What is Prospech Long-Term Capital Lease Obligation?

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


Prospech Long-Term Capital Lease Obligation Historical Data

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

Prospech Annual Data
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Long-Term Capital Lease Obligation
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Prospech Semi-Annual Data
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Prospech  (ASX:PRS) 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.

Prospech Long-Term Capital Lease Obligation Related Terms

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Prospech Business Description

Industry
Traded in Other Exchanges
N/A
Address
66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000
Prospech Ltd is a mining exploration company focused on gold and silver exploration with projects in Slovakia. The company's projects include the Hodrusa-Hamre Project, Nova Bana Project, Rudno Project, Pukanec Project, Jasenie Project, and the Cejkov-Zemplin Project. It had two segments, being mineral exploration in Finland and Slovakia. It has two reportable geographical segments Finland and Slovakia.

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