Stanmore Resources (Stanmore Resources) Long-Term Capital Lease Obligation : $325 Mil (As of Dec. 2023)

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What is Stanmore Resources Long-Term Capital Lease Obligation?

Stanmore Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $325 Mil.

Stanmore Resources's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($198 Mil) to Jun. 2023 ($0 Mil) but then increased from Jun. 2023 ($0 Mil) to Dec. 2023 ($325 Mil).

Stanmore Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0 Mil) to Dec. 2022 ($198 Mil) and increased from Dec. 2022 ($198 Mil) to Dec. 2023 ($325 Mil).

Stanmore Resources Long-Term Capital Lease Obligation Historical Data

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

Stanmore Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.53

0.33

198.20

325.00

Stanmore 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															0.33	-	198.20	-	325.00

Stanmore Resources (OTCPK:STMRF) 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.

Stanmore Resources Long-Term Capital Lease Obligation Related Terms

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Stanmore Resources (Stanmore Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Stanmore Resources Ltd (OTCPK:STMRF) » Definitions » Long-Term Capital Lease Obligation

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S0D:Germany SMR:Australia

Address

12 Creek Street, Level 32, Brisbane, QLD, AUS, 4000

Website

https://www.stanmore.net.au

Stanmore Resources Ltd is an Australian resources company with operations and exploration projects in the Bowen and Surat Basins. Its foundation asset is the Isaac Plains Complex that comprises current open-cut operations at Isaac Plains East and the Isaac Downs Open Cut, as well as the Isaac Plains Underground development project.

Stanmore Resources (Stanmore Resources) Headlines

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