Mineral Resources (Mineral Resources) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Mineral Resources Long-Term Capital Lease Obligation?

Mineral Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Mineral Resources's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0 Mil) to Jun. 2023 ($149 Mil) but then declined from Jun. 2023 ($149 Mil) to Dec. 2023 ($0 Mil).

Mineral Resources's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($141 Mil) to Jun. 2022 ($137 Mil) but then increased from Jun. 2022 ($137 Mil) to Jun. 2023 ($149 Mil).

Mineral Resources Long-Term Capital Lease Obligation Historical Data

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

Mineral Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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68.79

126.64

140.98

137.03

148.86

Mineral Resources 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															-	137.03	-	148.86	-

Mineral Resources (OTCPK:MALRY) 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.

Mineral Resources Long-Term Capital Lease Obligation Related Terms

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Mineral Resources (Mineral Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Resources Ltd (OTCPK:MALRY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MALRF:USA F5J:Germany F5J:Germany MIN:Australia

Address

20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, AUS, 6017

Website

https://www.mineralresources.com.au

Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.

Mineral Resources (Mineral Resources) Headlines

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