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Tambourah Metals (ASX:TMB) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Tambourah Metals Long-Term Capital Lease Obligation?

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

Tambourah Metals's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.09 Mil) but then declined from Jun. 2023 (A$0.09 Mil) to Dec. 2023 (A$0.00 Mil).

Tambourah Metals's annual Long-Term Capital Lease Obligation stayed the same from . 20 (A$0.00 Mil) to Jun. 2022 (A$0.00 Mil) but then increased from Jun. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.09 Mil).


Tambourah Metals Long-Term Capital Lease Obligation Historical Data

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

Tambourah Metals Annual Data
Trend Jun22 Jun23
Long-Term Capital Lease Obligation
- 0.09

Tambourah Metals Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - - 0.09 -

Tambourah Metals  (ASX:TMB) 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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Tambourah Metals (ASX:TMB) Business Description

Traded in Other Exchanges
N/A
Address
Level 2/10 Ord Street, Unit 2, West Perth, Perth, WA, AUS, 6005
Tambourah Metals Ltd develops high-quality gold and nickel projects. It has two gold projects including Tambourah and Cheela, and two Nickel-PGE-Gold projects including Achilles and Julimar North and others The firm has organised its operations into two reportable segments on the basis of stage of development being Development assets and Exploration and evaluation assets.

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