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Vast Resources (FRA:D9A) Long-Term Capital Lease Obligation : €0.00 Mil (As of Oct. 2024)


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What is Vast Resources Long-Term Capital Lease Obligation?

Vast Resources's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2024 was €0.00 Mil.


Vast Resources Long-Term Capital Lease Obligation Historical Data

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

Vast Resources Annual Data
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Long-Term Capital Lease Obligation
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Vast Resources Semi-Annual Data
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Vast Resources  (FRA:D9A) 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.

Vast Resources Long-Term Capital Lease Obligation Related Terms

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Vast Resources Business Description

Industry
Traded in Other Exchanges
Address
60 Gracechurch Street, 6th Floor, Ben Harber, London, GBR, EC3V 0HR
Vast Resources PLC is focused on key mining opportunities in Romania, Zimbabwe and Tajikistan. The Group operates in one business segment, the development and mining of mineral assets. It is a resource development company producing copper concentrate, zinc concentrate and gold and silver concentrate from Manaila Polymetallic Mine based at Romania. It has interest in the underground mine, Baita Plai, which is a skarn deposit comprising veins in calcareous sediments in approximately eight distinct pipes. The geographical segments of the company includes Europe and Central Asia and Southern Africa. It has earned revenue from Europe and Central Asia.

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