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BlueRock Diamonds (LSE:BRD) Long-Term Capital Lease Obligation : £0.63 Mil (As of Jun. 2022)


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What is BlueRock Diamonds Long-Term Capital Lease Obligation?

BlueRock Diamonds's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was £0.63 Mil.

BlueRock Diamonds's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 (£0.62 Mil) to Dec. 2021 (£0.56 Mil) but then increased from Dec. 2021 (£0.56 Mil) to Jun. 2022 (£0.63 Mil).

BlueRock Diamonds's annual Long-Term Capital Lease Obligation increased from Dec. 2019 (£0.46 Mil) to Dec. 2020 (£0.55 Mil) and increased from Dec. 2020 (£0.55 Mil) to Dec. 2021 (£0.56 Mil).


BlueRock Diamonds Long-Term Capital Lease Obligation Historical Data

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

BlueRock Diamonds Annual Data
Trend Mar13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only - - 0.46 0.55 0.56

BlueRock Diamonds Semi-Annual Data
Mar13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.55 0.62 0.56 0.63

BlueRock Diamonds  (LSE:BRD) 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.

BlueRock Diamonds Long-Term Capital Lease Obligation Related Terms

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BlueRock Diamonds (LSE:BRD) Business Description

Traded in Other Exchanges
N/A
Address
George Street, 4th Floor, Reading Bridge House, Berkshire, Reading, GBR, RG1 8LS
BlueRock Diamonds PLC is engaged in diamond mining in the Kimberley region of South Africa. The company has a mining right and operates in the Kareevlei Tenements. Its Kareevlei Project has over 3000 hectares in the Northern Cape province of South Africa, which is approximately 100 kilometers North West of Kimberley. The company's revenue comprises the sale of rough diamonds.