Pan African Resources (LSE:PAF) Long-Term Capital Lease Obligation : £2.0 Mil (As of Dec. 2023)

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What is Pan African Resources Long-Term Capital Lease Obligation?

Pan African Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £2.0 Mil.

Pan African Resources's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£2.9 Mil) to Jun. 2023 (£2.3 Mil) and declined from Jun. 2023 (£2.3 Mil) to Dec. 2023 (£2.0 Mil).

Pan African Resources's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (£3.4 Mil) to Jun. 2022 (£3.1 Mil) and declined from Jun. 2022 (£3.1 Mil) to Jun. 2023 (£2.3 Mil).

Pan African Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pan African Resources'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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Pan African Resources Long-Term Capital Lease Obligation Chart

Pan African Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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3.44

3.08

2.26

Pan African Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	3.08	2.93	2.26	2.02

Pan African Resources (LSE:PAF) 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.

Pan African Resources Long-Term Capital Lease Obligation Related Terms

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Pan African Resources (LSE:PAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan African Resources PLC (LSE:PAF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PAN:South Africa PAFRY:USA PAFRF:USA PAF:UK RTZ:Germany

Address

The Firs Office Building, 2nd Floor, Office 204, Corner Cradock and Biermann Avenues, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.panafricanresources.com

Pan African Resources PLC is a precious metals producer based in the United Kingdom. It operates metal mines in South Africa and derives revenue principally through the mining, extraction, and sale of gold. The company conducts its business through the operation of mining projects in various parts of South Africa, such as Barberton Mines, a gold mining project, Phoenix Platinum, and Uitkomst Colliery, located in Newcastle which sell coal to local and export markets. It also operates growth projects, including PAR Gold Proprietary Limited, which derives revenue from providing management and administration services to other group companies.