Tombador Iron (ASX:TI1) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Jun. 2023)

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What is Tombador Iron Long-Term Capital Lease Obligation?

Tombador Iron's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil.

Tombador Iron's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (A$7.98 Mil) to Dec. 2022 (A$6.36 Mil) and declined from Dec. 2022 (A$6.36 Mil) to Jun. 2023 (A$0.00 Mil).

Tombador Iron's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2019 (A$0.00 Mil) to Jun. 2020 (A$0.00 Mil) but then increased from Jun. 2020 (A$0.00 Mil) to Jun. 2021 (A$3.99 Mil).

Tombador Iron Long-Term Capital Lease Obligation Historical Data

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

Tombador Iron Annual Data

Trend

Jun12

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Jun14

Jun15

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Jun17

Jun18

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Jun21

Long-Term Capital Lease Obligation

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3.99

Tombador Iron Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.99	-	7.98	6.36	-

Tombador Iron (ASX:TI1) 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.

Tombador Iron Long-Term Capital Lease Obligation Related Terms

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Tombador Iron (ASX:TI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tombador Iron Ltd (ASX:TI1) » Definitions » Long-Term Capital Lease Obligation

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Address

85 Forrest Street, Suite 5, Cottesloe, WA, AUS, 6011

Website

https://www.tombadoriron.com

Tombador Iron Ltd is an iron ore mining company in Brazil. The company owns the Tombador iron ore project in Bahia State, Brazil. The company segment includes The Corporate segment in Australia (Tombador Iron Limited), The Corporate segment in Singapore e (Tombador Iron Singapore Pte Limited) and Tombador Iron Ore Project in Brazil.

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