IGO (IPGDF) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2024)

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What is IGO Long-Term Capital Lease Obligation?

IGO's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.0 Mil.

IGO's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 ($0.0 Mil) to Jun. 2024 ($17.4 Mil) but then declined from Jun. 2024 ($17.4 Mil) to Dec. 2024 ($0.0 Mil).

IGO's annual Long-Term Capital Lease Obligation increased from Jun. 2022 ($26.2 Mil) to Jun. 2023 ($30.3 Mil) but then declined from Jun. 2023 ($30.3 Mil) to Jun. 2024 ($17.4 Mil).

IGO Long-Term Capital Lease Obligation Historical Data

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

IGO Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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23.15

15.77

26.21

30.27

17.40

IGO Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	30.27	-	17.40	-

IGO (OTCPK:IPGDF) 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.

IGO Long-Term Capital Lease Obligation Related Terms

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IGO Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IGO Ltd (OTCPK:IPGDF) » Definitions » Long-Term Capital Lease Obligation

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IIDDY:USA IDZ:Germany IDZ:Germany IGO:Australia

Address

85 South Perth Esplanade, Suite 4, Level 5, South Shore Centre, South Perth, Perth, WA, AUS, 6151

Website

https://www.igo.com.au

IGO is a mining and exploration company based in Western Australia. Its primary asset is a minority stake in the Greenbushes lithium mine through a joint venture with Tianqi Lithium Corporation and Albemarle. Greenbushes is the world's highest-quality hard rock lithium resource. IGO also has interest in downstream processing through a 49% stake in the Kwinana lithium hydroxide refinery. Outside of lithium, IGO owns and operates the Nova nickel-copper-cobalt mine, which has a short remaining life.