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Viridis Mining and Minerals (ASX:VMM) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is Viridis Mining and Minerals Long-Term Capital Lease Obligation?

Viridis Mining and Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Viridis Mining and Minerals's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.09 Mil) but then declined from Jun. 2023 (A$0.09 Mil) to Dec. 2023 (A$0.00 Mil).

Viridis Mining and Minerals's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$0.00 Mil) to Jun. 2022 (A$0.00 Mil) and increased from Jun. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.09 Mil).

Viridis Mining and Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Viridis Mining and Minerals'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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Viridis Mining and Minerals Long-Term Capital Lease Obligation Chart

Viridis Mining and Minerals Annual Data
Trend Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
- - 0.09

Viridis Mining and Minerals Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - 0.09 -

Viridis Mining and Minerals  (ASX:VMM) 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.

Viridis Mining and Minerals Long-Term Capital Lease Obligation Related Terms

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Viridis Mining and Minerals (ASX:VMM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Viridis Mining and Minerals Ltd (ASX:VMM) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
ASX:TIG ASX:AKM ASX:AJL ASX:JAL ASX:AVM ASX:CKA ASX:BRL ASX:BCB SZSE:000723 AMR ARCH HCC MIC:RASP ASX:SMR ASX:CRN SHSE:600740 HKSE:00639 SHSE:600997 WAR:JSW SHSE:601011
Traded in Other Exchanges
N/A
Address
108 St Georges Terrace, Level 50, Perth, WA, AUS, 6000
Website
https://www.viridismining.com.au
Viridis Mining and Minerals Ltd is a mineral exploration company. It operates in the geographical areas of Australia and Canada. The company's projects include South Kitikmeot Gold Project, which the company considers to be prospective for gold, the Boddington West Project, which the company considers to be prospective for gold, the Bindoon Project, which the Company considers to be prospective for nickel, copper and platinum group elements, Poochera Project and Smoky Halloysite Project, which the Company considers to be prospective for kaolin-halloysite.