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Meteoric Resources NL (HAM:RNF) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)


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What is Meteoric Resources NL Long-Term Capital Lease Obligation?

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

Meteoric Resources NL Long-Term Capital Lease Obligation Historical Data

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

Meteoric Resources NL Annual Data
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Long-Term Capital Lease Obligation
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Meteoric Resources NL Semi-Annual Data
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Meteoric Resources NL  (HAM:RNF) 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.

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Meteoric Resources NL (HAM:RNF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meteoric Resources NL (HAM:RNF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
METOF:USA RNF:Germany MEI:Australia
Address
35 Ventnor Street, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.meteoric.com.au
Meteoric Resources NL explores mineral tenements. It focuses on iron, gold, copper, and nickel deposits with a portfolio of projects in Brazil, Canada, Western Australia, and Northern Territory. The company projects include Juruena Gold Project, Brazil; Palm Springs Gold Project, Western Australia; Novo Astro Project; Warrego North Project; and Webb Diamond JV. The Group has three reportable segments being exploration activities in Brazil, exploration activities in Canada and exploration activities in Australia.