Strategic Minerals (STU:24S) Long-Term Capital Lease Obligation : €0.21 Mil (As of Jun. 2023)

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What is Strategic Minerals Long-Term Capital Lease Obligation?

Strategic Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.21 Mil.

Strategic Minerals's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (€0.30 Mil) to Dec. 2022 (€0.29 Mil) and declined from Dec. 2022 (€0.29 Mil) to Jun. 2023 (€0.21 Mil).

Strategic Minerals's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€0.02 Mil) to Dec. 2021 (€0.37 Mil) but then declined from Dec. 2021 (€0.37 Mil) to Dec. 2022 (€0.29 Mil).

Strategic Minerals Long-Term Capital Lease Obligation Historical Data

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

Strategic Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.02

0.37

0.29

Strategic Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.02	0.37	0.30	0.29	0.21

Strategic Minerals (STU:24S) 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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Strategic Minerals (STU:24S) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals PLC (STU:24S) » Definitions » Long-Term Capital Lease Obligation

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SML:UK

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.strategicminerals.net

Strategic Minerals PLC is a UK-based mineral production and development company. The principal business activity of the company is the exploration, development, and operation of mining projects. Its operating segments include Southern Minerals Group LLC (SMG), Head Office, Development Asset, and United Kingdom. It derives a majority of the revenue from the SMG segment that is involved in the sale of magnetite to both the US domestic market and historically transported magnetite to port for onward export sale.

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