IRC (FRA:2I8) Long-Term Capital Lease Obligation : €0.0 Mil (As of Dec. 2023)

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What is IRC Long-Term Capital Lease Obligation?

IRC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil.

IRC's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€0.1 Mil) to Jun. 2023 (€0.0 Mil) but then stayed the same from Jun. 2023 (€0.0 Mil) to Dec. 2023 (€0.0 Mil).

IRC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€0.1 Mil) but then declined from Dec. 2022 (€0.1 Mil) to Dec. 2023 (€0.0 Mil).

IRC Long-Term Capital Lease Obligation Historical Data

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

IRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.84

3.04

0.06

IRC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.12	0.06	-	-

IRC (FRA:2I8) 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.

IRC Long-Term Capital Lease Obligation Related Terms

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IRC (FRA:2I8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IRC Ltd (FRA:2I8) » Definitions » Long-Term Capital Lease Obligation

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01029:Hong Kong

Address

6H, 9 Queen’s Road Central, Central District, Hong Kong Special Administrative Region, of the People’s Republic of China, Hong Kong, HKG

Website

http://www.ircgroup.com.hk

IRC Ltd operates as an investment holding company, which is engaged in the production and development of iron ore. Its business activity of the firm is operated through various segments namely Mines in Production, Mines in Development, Engineering, and Others. The Mines in Production segment consists of projects in the production phase; the Mines in Development segment includes the exploration and development phase of the iron ore projects; the Engineering segment is engaged in the in-house engineering and scientific expertise related to Giproruda; the Other segment is mainly engaged in the production of vanadium pentoxides and related products. It has a geographical business presence in the region of the People's Republic of China and Russia, and the majority revenue comes from PRC.

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