Ora Banda Mining (FRA:M6N) Long-Term Capital Lease Obligation : €0.0 Mil (As of Dec. 2023)

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What is Ora Banda Mining Long-Term Capital Lease Obligation?

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

Ora Banda Mining's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€0.0 Mil) to Jun. 2023 (€7.5 Mil) but then declined from Jun. 2023 (€7.5 Mil) to Dec. 2023 (€0.0 Mil).

Ora Banda Mining's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (€11.4 Mil) to Jun. 2022 (€7.2 Mil) but then increased from Jun. 2022 (€7.2 Mil) to Jun. 2023 (€7.5 Mil).

Ora Banda Mining Long-Term Capital Lease Obligation Historical Data

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

Ora Banda Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.11

11.43

7.18

7.46

Ora Banda Mining 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															-	7.18	-	7.46	-

Ora Banda Mining (FRA:M6N) 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.

Ora Banda Mining Long-Term Capital Lease Obligation Related Terms

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Ora Banda Mining (FRA:M6N) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ora Banda Mining Ltd (FRA:M6N) » Definitions » Long-Term Capital Lease Obligation

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OBM:Australia

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6008

Website

https://www.orabandamining.com.au

Ora Banda Mining Ltd operates as an exploration and production company in Australia. It is focused on the mining and processing of gold, exploration, and evaluation of gold mineralization. It owns an interest in the Davyhurst Project located to the northwest of Kalgoorlie within the Eastern Goldfields of Western Australia. Some of the projects of the company are Riverina, Lady Ida, and Others.

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