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Noble Helium (ASX:NHE) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Noble Helium Long-Term Capital Lease Obligation?

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


Noble Helium Long-Term Capital Lease Obligation Historical Data

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

Noble Helium Annual Data
Trend Jun22 Jun23
Long-Term Capital Lease Obligation
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Noble Helium Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - - - -

Noble Helium  (ASX:NHE) 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.

Noble Helium Long-Term Capital Lease Obligation Related Terms

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Noble Helium (ASX:NHE) Business Description

Industry
Traded in Other Exchanges
N/A
Address
216 St. Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000
Noble Helium Ltd is an Independent Helium exploration company In Australia with operations and explorations in Tanzania, East Africa. It is engaged in developing large new supplies of high-grade primary helium to diversify the supply chain for the rare and technologically vital gas. The company has three projects namely; North Rukwa Project, North Nyasa Project and Eyasi and Manyara Projects.

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