Titan Minerals (ASX:TTM) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Jun. 2023)

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What is Titan Minerals Long-Term Capital Lease Obligation?

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

Titan Minerals's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (A$0.07 Mil) to Dec. 2021 (A$0.00 Mil) but then stayed the same from Dec. 2021 (A$0.00 Mil) to Dec. 2022 (A$0.00 Mil).

Titan Minerals Long-Term Capital Lease Obligation Historical Data

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

Titan Minerals Annual Data

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Long-Term Capital Lease Obligation

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0.07

Titan Minerals Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Titan Minerals (ASX:TTM) 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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Titan Minerals (ASX:TTM) Business Description

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

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TTTNF:USA

Address

295 Rokeby Road, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.titanminerals.com.au

Titan Minerals Ltd is a Canada-based mineral exploration company. The company's main assets are The Dynasty Project, The Linderos Project, The Copper Duke Project, and The Copper Field Prospect. It continues to evaluate new business opportunities in South America.