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WA1 Resources (ASX:WA1) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is WA1 Resources Long-Term Capital Lease Obligation?

WA1 Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.


WA1 Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for WA1 Resources'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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WA1 Resources Long-Term Capital Lease Obligation Chart

WA1 Resources Annual Data
Trend Jun22 Jun23
Long-Term Capital Lease Obligation
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WA1 Resources Semi-Annual Data
Jun21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation - - - - -

WA1 Resources  (ASX:WA1) 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.

WA1 Resources Long-Term Capital Lease Obligation Related Terms

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WA1 Resources (ASX:WA1) Business Description

Industry
Traded in Other Exchanges
N/A
Address
55 Carrington Street, Level 2, Nedlands, WA, AUS, 6009
WA1 Resources Ltd is a mineral development in Western Australia and the Northern Territory. Its projects include West Arunta, Madura, and Hidden Valley.

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