Sierra Rutile Holdings (ASX:SRX) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is Sierra Rutile Holdings Long-Term Capital Lease Obligation?

Sierra Rutile Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil.

Sierra Rutile Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sierra Rutile Holdings'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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Sierra Rutile Holdings Long-Term Capital Lease Obligation Chart

Sierra Rutile Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Sierra Rutile Holdings Semi-Annual Data
	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	-	-

Sierra Rutile Holdings (ASX:SRX) 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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Sierra Rutile Holdings (ASX:SRX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Rutile Holdings Ltd (ASX:SRX) » Definitions » Long-Term Capital Lease Obligation

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SRRHF:USA

Address

225 Saint Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.sierra-rutile.com

Sierra Rutile Holdings Ltd is a multi-mine operation straddling the Bonthe and Moyamba districts in southern Sierra Leone. It offers Titanium Dioxide Feedstocks, Standard Grade Rutile (SGR). Industrial Grade Rutile (IGR), High-grade ilmenite, and Zircon-in-concentrate (ZIC). Sierra Rutile's primary products serve end-use applications namely Pigment; Metal; and Welding end-use applications.

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