Latin Resources (FRA:XL5) Long-Term Capital Lease Obligation : €0.00 Mil (As of Jun. 2023)

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What is Latin Resources Long-Term Capital Lease Obligation?

Latin Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.00 Mil.

Latin Resources's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€0.00 Mil) to Dec. 2022 (€0.12 Mil) but then declined from Dec. 2022 (€0.12 Mil) to Jun. 2023 (€0.00 Mil).

Latin Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.00 Mil) to Dec. 2022 (€0.12 Mil) but then declined from Dec. 2022 (€0.12 Mil) to Dec. 2023 (€0.05 Mil).

Latin Resources Long-Term Capital Lease Obligation Historical Data

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

Latin Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.12

0.05

Latin Resources 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	-	0.05

Latin Resources (FRA:XL5) 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.

Latin Resources Long-Term Capital Lease Obligation Related Terms

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Latin Resources (FRA:XL5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Latin Resources Ltd (FRA:XL5) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

XL5:Germany LRS:Australia

Address

32 Harrogate Street, Unit 3, West Leederville, Perth, WA, AUS, 6007

Website

https://www.latinresources.com.au

Latin Resources Ltd is an Australian-based mineral exploration company, with projects in South America and Australia, that is developing mineral projects in commodities that progress global efforts towards Net Zero emissions. The Company is focused on its flagship Colina Lithium Project in the pro-mining district of Minas Gerais Brazil, and also holds the Catamarca Lithium Project in Argentina.

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