Avocet Mining (Avocet Mining) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2018)

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What is Avocet Mining Long-Term Capital Lease Obligation?

Avocet Mining's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2018 was $0.00 Mil.

Avocet Mining's quarterly Long-Term Capital Lease Obligation declined from Jun. 2017 ($0.51 Mil) to Dec. 2017 ($0.00 Mil) but then stayed the same from Dec. 2017 ($0.00 Mil) to Jun. 2018 ($0.00 Mil).

Avocet Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2015 ($0.89 Mil) to Dec. 2016 ($0.51 Mil) and declined from Dec. 2016 ($0.51 Mil) to Dec. 2017 ($0.00 Mil).

Avocet Mining Long-Term Capital Lease Obligation Historical Data

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

Avocet Mining Annual Data

Trend

Mar08

Mar09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Long-Term Capital Lease Obligation

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2.01

1.38

0.89

0.51

Avocet Mining Semi-Annual Data
	Mar08	Sep08	Mar09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.74	0.51	0.51	-	-

Avocet Mining (OTCPK:AVVGY) 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.

Avocet Mining Long-Term Capital Lease Obligation Related Terms

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Avocet Mining (Avocet Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avocet Mining PLC (OTCPK:AVVGY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

15 Old Bailey, 5th Floor, London, GBR, EC4M 7EF

Website

http://www.avocetmining.com

Avocet Mining PLC is a West African gold mining and exploration company. It focuses on the evaluation and development of gold and other mineral resources.

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