Jervois Global (Jervois Global) Long-Term Capital Lease Obligation : $19.6 Mil (As of Dec. 2023)

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What is Jervois Global Long-Term Capital Lease Obligation?

Jervois Global's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19.6 Mil.

Jervois Global's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($6.0 Mil) to Jun. 2023 ($0.0 Mil) but then increased from Jun. 2023 ($0.0 Mil) to Dec. 2023 ($19.6 Mil).

Jervois Global's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($11.4 Mil) to Dec. 2022 ($6.0 Mil) but then increased from Dec. 2022 ($6.0 Mil) to Dec. 2023 ($19.6 Mil).

Jervois Global Long-Term Capital Lease Obligation Historical Data

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

Jervois Global Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.43

5.97

19.60

Jervois Global 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															11.43	-	5.97	-	19.60

Jervois Global (OTCPK:JRVMF) 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.

Jervois Global Long-Term Capital Lease Obligation Related Terms

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Jervois Global (Jervois Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jervois Global Ltd (OTCPK:JRVMF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

IHS:Germany JRV:Canada JRV:Australia

Address

1-11 Gordon Street, Suite 2.03, Cremorne, VIC, AUS, 3121

Website

https://www.jervoisglobal.com

Jervois Global Ltd is a cobalt company with nickel and copper exposure, refinery assets, and growth opportunities. The company's project includes Idaho Cobalt, Sao Miguel Paulista Refinery, Nico Young, and other non-core assets.

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