Sirius Minerals (Sirius Minerals) Long-Term Capital Lease Obligation : $11.15 Mil (As of Jun. 2019)

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What is Sirius Minerals Long-Term Capital Lease Obligation?

Sirius Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was $11.15 Mil.

Sirius Minerals's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2018 ($0.00 Mil) to Dec. 2018 ($0.00 Mil) but then increased from Dec. 2018 ($0.00 Mil) to Jun. 2019 ($11.15 Mil).

Sirius Minerals Long-Term Capital Lease Obligation Historical Data

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

Sirius Minerals Annual Data

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Long-Term Capital Lease Obligation

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Sirius Minerals Semi-Annual Data
	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	11.15

Sirius Minerals (OTCPK:SRUXY) 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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Sirius Minerals (Sirius Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sirius Minerals PLC (OTCPK:SRUXY) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

68 Haymarket, Third Floor, Greener House, London, GBR, SW1Y 4RF

Website

http://www.siriusminerals.com

Sirius Minerals PLC is a producer of multi-nutrient fertilizers. The company is currently organized into one business division: the UK segment. Under its UK segment, the firm conducts North Yorkshire polyhalite project related activities and the corporate operations. POLY4 is the trademark name of all polyhalite products from the company. The company operates its business mainly in the United Kingdom.

Sirius Minerals (Sirius Minerals) Headlines

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