SOUHY (South32) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2024)

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What is South32 Long-Term Capital Lease Obligation?

South32's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0 Mil.

South32's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 ($631 Mil) to Jun. 2024 ($614 Mil) and declined from Jun. 2024 ($614 Mil) to Dec. 2024 ($0 Mil).

South32's annual Long-Term Capital Lease Obligation increased from Jun. 2022 ($610 Mil) to Jun. 2023 ($623 Mil) but then declined from Jun. 2023 ($623 Mil) to Jun. 2024 ($614 Mil).

South32 Long-Term Capital Lease Obligation Historical Data

The historical data trend for South32'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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South32 Long-Term Capital Lease Obligation Chart

South32 Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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609.00

650.00

610.00

623.00

614.00

South32 Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															624.00	623.00	631.00	614.00	-

South32 (OTCPK:SOUHY) 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.

South32 Long-Term Capital Lease Obligation Related Terms

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South32 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South32 Ltd (OTCPK:SOUHY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

S32:South Africa SHTLF:USA S32l:UK S32:UK 32Z:Germany S32:Australia

Address

108 St Georges Terrace, Level 35, Perth, WA, AUS, 6000

Website

https://www.south32.net

South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024. It also owns the Cannington silver/lead/zinc mine in northwest Queensland and the Cerro Matoso nickel mine in Colombia. Cannington and manganese operations deliver high returns, but have relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.