Resurgere Mines & Minerals India (NSE:RMMIL) Long-Term Capital Lease Obligation : ₹0.00 Mil (As of Mar. 2018)

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What is Resurgere Mines & Minerals India Long-Term Capital Lease Obligation?

Resurgere Mines & Minerals India's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2018 was ₹0.00 Mil.

Resurgere Mines & Minerals India Long-Term Capital Lease Obligation Historical Data

The historical data trend for Resurgere Mines & Minerals India'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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Resurgere Mines & Minerals India Long-Term Capital Lease Obligation Chart

Resurgere Mines & Minerals India Annual Data

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Long-Term Capital Lease Obligation

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Resurgere Mines & Minerals India Semi-Annual Data
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Resurgere Mines & Minerals India (NSE:RMMIL) 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.

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Resurgere Mines & Minerals India Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resurgere Mines & Minerals India Ltd (NSE:RMMIL) » Definitions » Long-Term Capital Lease Obligation

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Address

15, Morvi House, 28/30, Goa Street, Ballard Estate, 1st Floor, Mumbai, MH, IND, 400038

Website

http://www.resurgere.in

Resurgere Mines & Minerals India Ltd is engaged in extraction, processing, and sale of iron ore, bauxite and soapstone products and exploration & development of mining assets. The company's products portfolio consists of Lump Ore, Size Ore, Calibrated Lump Ore, Iron Ore Fines, and Bauxite. It operates two mines contracts, Iron Ore mine situated at Satarda and Bauxite mine situated at Mahalmiriya. It owns two mines, Soapstone mine situated at Dhelana in the state of Rajasthan and Bauxite mine situated at Yelwan Jugai, Maharashtra. Majority of the revenue is derived from its only segment Mining & Trading of Minerals.

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