Tharisa (JSE:THA) Long-Term Capital Lease Obligation : R13 Mil (As of Sep. 2023)

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What is Tharisa Long-Term Capital Lease Obligation?

Tharisa's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R13 Mil.

Tharisa's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (R31 Mil) to Mar. 2023 (R27 Mil) and declined from Mar. 2023 (R27 Mil) to Sep. 2023 (R13 Mil).

Tharisa's annual Long-Term Capital Lease Obligation declined from Sep. 2022 (R31 Mil) to Sep. 2023 (R13 Mil) and declined from Sep. 2023 (R13 Mil) to Sep. 2024 (R9 Mil).

Tharisa Long-Term Capital Lease Obligation Historical Data

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

Tharisa Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Long-Term Capital Lease Obligation

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47.49

33.17

31.43

13.18

9.43

Tharisa Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															48.55	31.43	27.19	13.18	9.43

Tharisa (JSE:THA) 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.

Tharisa Long-Term Capital Lease Obligation Related Terms

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Tharisa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tharisa PLC (JSE:THA) » Definitions » Long-Term Capital Lease Obligation

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TIHRF:USA THS:UK 7YZ:Germany

Address

17 Neophytou Nicolaides and Kilkis Street, Offices 108-110, Sofoklis Pittokopitis Business Centre, Paphos, CYP, 8011

Website

https://www.tharisa.com

Tharisa PLC operates in the mining industry. The company is engaged in mining, producing, selling, and distributing platinum group metals and chrome concentrates at a low cost. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company's operating segments include PGM; Chrome; Agency and trading and Manufacturing. The PGM segment principally generates revenue from the sale of PGM concentrates. Geographically, majority of revenue is generated from south Africa.

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