Andrada Mining (LSE:ATM) Long-Term Capital Lease Obligation : £0.38 Mil (As of Aug. 2024)

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What is Andrada Mining Long-Term Capital Lease Obligation?

Andrada Mining's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2024 was £0.38 Mil.

Andrada Mining's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (£0.57 Mil) to Feb. 2024 (£0.48 Mil) and declined from Feb. 2024 (£0.48 Mil) to Aug. 2024 (£0.38 Mil).

Andrada Mining's annual Long-Term Capital Lease Obligation increased from Feb. 2022 (£0.17 Mil) to Feb. 2023 (£0.71 Mil) but then declined from Feb. 2023 (£0.71 Mil) to Feb. 2024 (£0.48 Mil).

Andrada Mining Long-Term Capital Lease Obligation Historical Data

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

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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0.18

0.26

0.17

0.71

0.48

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												0.09	0.71	0.57	0.48	0.38

Andrada Mining (LSE:ATM) 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.

Andrada Mining Long-Term Capital Lease Obligation Related Terms

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Andrada Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ATMTF:USA 9IA:Germany

Address

Hirzel Street, P.O. Box 282, Oak House, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The group has a single operating segment consisting of the Namibian operations. The company's project consists of the Uis Tin project and the Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, and Brandberg West.

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