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Coronado Global Resources (ASX:CRN) Long-Term Capital Lease Obligation : A$92 Mil (As of Dec. 2023)


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What is Coronado Global Resources Long-Term Capital Lease Obligation?

Coronado Global Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$92 Mil.

Coronado Global Resources's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (A$23 Mil) to Jun. 2023 (A$0 Mil) but then increased from Jun. 2023 (A$0 Mil) to Dec. 2023 (A$92 Mil).

Coronado Global Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (A$18 Mil) to Dec. 2022 (A$23 Mil) and increased from Dec. 2022 (A$23 Mil) to Dec. 2023 (A$92 Mil).


Coronado Global Resources Long-Term Capital Lease Obligation Historical Data

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

Coronado Global Resources Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 69.94 27.33 18.03 23.08 92.17

Coronado Global Resources Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 18.03 - 23.08 - 92.17

Coronado Global Resources  (ASX:CRN) 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.

Coronado Global Resources Long-Term Capital Lease Obligation Related Terms

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Coronado Global Resources (ASX:CRN) Business Description

Industry
Traded in Other Exchanges
Address
345 Queen Street, Level 33, Central Plaza One, Brisbane, QLD, AUS, 4000
Coronado Global Resources Inc is a producer of high-quality metallurgical coal, an essential element in the production of steel. Its geographical segment includes Australia and the United States. It derives the majority of its revenue from Australia. The Company's mining operations and development projects are located in Queensland, Australia, Pennsylvania, Virginia, and West Virginia in the United States.

Coronado Global Resources (ASX:CRN) Headlines

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