Mamba Exploration (ASX:M24) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Mamba Exploration Long-Term Capital Lease Obligation?

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

Mamba Exploration's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.01 Mil) but then declined from Jun. 2023 (A$0.01 Mil) to Dec. 2023 (A$0.00 Mil).

Mamba Exploration's annual Long-Term Capital Lease Obligation increased from Sep. 2020 (A$0.00 Mil) to Jun. 2022 (A$0.03 Mil) but then declined from Jun. 2022 (A$0.03 Mil) to Jun. 2023 (A$0.01 Mil).

Mamba Exploration Long-Term Capital Lease Obligation Historical Data

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

Mamba Exploration Annual Data

Trend

Sep20

Jun22

Jun23

Long-Term Capital Lease Obligation

0.03

0.01

Mamba Exploration Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	0.03	-	0.01	-

Mamba Exploration (ASX:M24) 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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Mamba Exploration (ASX:M24) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mamba Exploration Ltd (ASX:M24) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Richardson Street, Level 2, Perth, WA, AUS, 6005

Website

https://www.mambaexploration.com.au

Mamba Exploration Ltd is engaged in the exploration of nickel, copper, and gold. The company operates in a single geographical segment, Australia. The company has focus on its mineral exploration assets in the Ashburton/Gascoyne, Kimberley, Darling Range, Hyden, and Great Southern regions of Western Australia. The projects in the Ashburton/Gascoyne and Hyden are prospective for Rare Earth Elements (REE) and gold, while the Great Southern are prospective for gold and the Kimberley and Darling Range are prospective for base metals such as copper, nickel, and manganese.

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