Fortescue (STU:FVJ) Long-Term Capital Lease Obligation : €0 Mil (As of Dec. 2023)

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What is Fortescue Long-Term Capital Lease Obligation?

Fortescue's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil.

Fortescue's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€0 Mil) to Jun. 2023 (€580 Mil) but then declined from Jun. 2023 (€580 Mil) to Dec. 2023 (€0 Mil).

Fortescue's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€565 Mil) to Jun. 2022 (€613 Mil) but then declined from Jun. 2022 (€613 Mil) to Jun. 2023 (€580 Mil).

Fortescue Long-Term Capital Lease Obligation Historical Data

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

Fortescue Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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464.63

651.79

565.23

613.01

579.64

Fortescue Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	613.01	-	579.64	-

Fortescue (STU:FVJ) 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.

Fortescue Long-Term Capital Lease Obligation Related Terms

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Fortescue (STU:FVJ) Business Description

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FSUMF:USA FSUGY:USA FMG:Australia

Address

87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.fortescue.com

Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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