Mincor Resources NL (Mincor Resources NL) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2022)

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What is Mincor Resources NL Long-Term Capital Lease Obligation?

Mincor Resources NL's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil.

Mincor Resources NL's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Jun. 2022 ($0.04 Mil) but then declined from Jun. 2022 ($0.04 Mil) to Dec. 2022 ($0.00 Mil).

Mincor Resources NL's annual Long-Term Capital Lease Obligation declined from Jun. 2020 ($0.11 Mil) to Jun. 2021 ($0.08 Mil) and declined from Jun. 2021 ($0.08 Mil) to Jun. 2022 ($0.04 Mil).

Mincor Resources NL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mincor Resources NL'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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Mincor Resources NL Long-Term Capital Lease Obligation Chart

Mincor Resources NL Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

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0.11

0.08

0.04

Mincor Resources NL Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.08	-	0.04	-

Mincor Resources NL (OTCPK:MCRZY) 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.

Mincor Resources NL Long-Term Capital Lease Obligation Related Terms

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Mincor Resources NL (Mincor Resources NL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mincor Resources NL (OTCPK:MCRZY) » Definitions » Long-Term Capital Lease Obligation

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Address

8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mincor.com.au

Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.

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