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Xtract Resources (LSE:XTR) Long-Term Capital Lease Obligation : £0.00 Mil (As of Jun. 2023)


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What is Xtract Resources Long-Term Capital Lease Obligation?

Xtract Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil.


Xtract Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xtract 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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Xtract Resources Long-Term Capital Lease Obligation Chart

Xtract Resources Annual Data
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Long-Term Capital Lease Obligation
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Xtract Resources Semi-Annual Data
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Xtract Resources  (LSE:XTR) 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.

Xtract Resources Long-Term Capital Lease Obligation Related Terms

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Xtract Resources (LSE:XTR) Business Description

Traded in Other Exchanges
N/A
Address
7/8 Kendrick Mews, 1st Floor, South Kensington, London, GBR, SW7 3HG
Xtract Resources PLC is a resource, development, & mining company focused on acquiring brownfield resource projects with a view to releasing value for its shareholders. It is currently focused on the Manica Gold Project & Manica Alluvials Project in Mozambique, Eureka Copper Project, and Kalengwa Processing Copper Project in Zambia. The company generates revenues from the sales of gold bars. Its operating segment includes the Operating gold mining segment in Mozambique, Mine Development in Mozambique, Exploration, Investment & other, and Alluvial Gold Mining Production. The majority of revenue is from the Alluvial Gold Mining Production segment.

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