South32 (ASX:S32) Long-Term Capital Lease Obligation : A$943 Mil (As of Dec. 2023)

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What is South32 Long-Term Capital Lease Obligation?

South32's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$943 Mil.

South32's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$925 Mil) to Jun. 2023 (A$928 Mil) and increased from Jun. 2023 (A$928 Mil) to Dec. 2023 (A$943 Mil).

South32's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$850 Mil) to Jun. 2022 (A$868 Mil) and increased from Jun. 2022 (A$868 Mil) to Jun. 2023 (A$928 Mil).

South32 Long-Term Capital Lease Obligation Historical Data

The historical data trend for South32'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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South32 Long-Term Capital Lease Obligation Chart

South32 Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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764.64

882.44

850.20

868.03

928.27

South32 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															870.95	868.03	924.77	928.27	942.71

South32 (ASX:S32) 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.

South32 Long-Term Capital Lease Obligation Related Terms

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South32 (ASX:S32) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South32 Ltd (ASX:S32) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

S32:South Africa SOUHY:USA SHTLF:USA S32l:UK S32:UK 32Z:Germany

Address

108 St Georges Terrace, Level 35, Perth, WA, AUS, 6000

Website

https://www.south32.net

South32 was born of the demerger of noncore assets from BHP in 2015. South32's major operations include alumina businesses in Australia and Brazil, aluminium in Brazil, South Africa, and Mozambique, manganese businesses in Australia and South Africa, and New South Wales metallurgical coal. It also owns the Cannington silver/lead/zinc mine in northwest Queensland and the Cerro Matoso nickel mine in Colombia. Cannington silver mine and manganese operations deliver high returns, but have relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor deposit in the U.S., and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.

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