Forrestania Resources (ASX:FRS) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Forrestania Resources Long-Term Capital Lease Obligation?

Forrestania Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Forrestania Resources Long-Term Capital Lease Obligation Historical Data

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

Forrestania Resources Annual Data

Trend

Jun22

Jun23

Long-Term Capital Lease Obligation

Forrestania Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	-	-	-	-

Forrestania Resources (ASX:FRS) 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.

Forrestania Resources Long-Term Capital Lease Obligation Related Terms

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Forrestania Resources (ASX:FRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forrestania Resources Ltd (ASX:FRS) » Definitions » Long-Term Capital Lease Obligation

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Address

38 Colin Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.forrestaniaresources.com.au

Forrestania Resources Ltd is a mineral exploration and development company. It explores gold, lithium, and other minerals. Its projects include the Forrestania project; Southern Cross Project and Leonora. Leonora's project includes soil sampling programs at bounty east and great southern.

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