Oakbay Resources and Energy (JSE:46926) Long-Term Capital Lease Obligation : R0.0 Mil (As of Feb. 2017)

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What is Oakbay Resources and Energy Long-Term Capital Lease Obligation?

Oakbay Resources and Energy's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2017 was R0.0 Mil.

Oakbay Resources and Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Long-Term Capital Lease Obligation Chart

Oakbay Resources and Energy Annual Data

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Long-Term Capital Lease Obligation

Oakbay Resources and Energy Semi-Annual Data
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Oakbay Resources and Energy (JSE:46926) 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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Oakbay Resources and Energy (JSE:46926) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » Long-Term Capital Lease Obligation

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Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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