NioCorp Developments (TSX:NB) Long-Term Capital Lease Obligation : C$0.16 Mil (As of Mar. 2024)

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What is NioCorp Developments Long-Term Capital Lease Obligation?

NioCorp Developments's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.16 Mil.

NioCorp Developments's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.20 Mil) to Dec. 2023 (C$0.18 Mil) and declined from Dec. 2023 (C$0.18 Mil) to Mar. 2024 (C$0.16 Mil).

NioCorp Developments's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (C$0.13 Mil) to Jun. 2022 (C$0.03 Mil) but then increased from Jun. 2022 (C$0.03 Mil) to Jun. 2023 (C$0.22 Mil).

NioCorp Developments Long-Term Capital Lease Obligation Historical Data

The historical data trend for NioCorp Developments'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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NioCorp Developments Long-Term Capital Lease Obligation Chart

NioCorp Developments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.13

0.03

0.22

NioCorp Developments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.24	0.22	0.20	0.18	0.16

NioCorp Developments (TSX:NB) 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.

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NioCorp Developments (TSX:NB) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NioCorp Developments Ltd (TSX:NB) » Definitions » Long-Term Capital Lease Obligation

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NB:USA BR30:Germany

Address

7000 South Yosemite Street, Suite 115, Centennial, CO, USA, 80112

Website

https://www.niocorp.com

NioCorp Developments Ltd is a pure play critical minerals project in Nebraska that plans to produce niobium, scandium, titanium, and magnetic rare earths. The Elk Creek Project is the highest-grade Niobium project under development in North America and is the second largest indicated or rare earth Mineral Resource in the United States. All of NioCorp's planned products are designed as critical by the United States Government. All are vital to clean technologies and the global energy transition.

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