Resolute Mining (ASX:RSG) Long-Term Capital Lease Obligation : A$11.8 Mil (As of Jun. 2024)

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What is Resolute Mining Long-Term Capital Lease Obligation?

Resolute Mining's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$11.8 Mil.

Resolute Mining's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (A$16.4 Mil) to Dec. 2023 (A$14.4 Mil) and declined from Dec. 2023 (A$14.4 Mil) to Jun. 2024 (A$11.8 Mil).

Resolute Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (A$11.3 Mil) to Dec. 2022 (A$18.6 Mil) but then declined from Dec. 2022 (A$18.6 Mil) to Dec. 2023 (A$14.4 Mil).

Resolute Mining Long-Term Capital Lease Obligation Historical Data

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

Resolute Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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37.81

16.41

11.30

18.58

14.38

Resolute Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.89	18.58	16.37	14.38	11.84

Resolute Mining (ASX:RSG) 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.

Resolute Mining Long-Term Capital Lease Obligation Related Terms

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Resolute Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RMGGY:USA RMGGF:USA RSG:UK RSM:Germany

Address

2 The Esplanade, Level 17, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into business divisions, namely Mako (Senegal), and Syama (Mali). The firm generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulfide processing circuit, along with satellite open pit operations that provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.