Deterra Royalties (ASX:DRR) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Dec. 2023)

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What is Deterra Royalties Long-Term Capital Lease Obligation?

Deterra Royalties's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil.

Deterra Royalties's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.0 Mil) to Jun. 2023 (A$0.1 Mil) but then declined from Jun. 2023 (A$0.1 Mil) to Dec. 2023 (A$0.0 Mil).

Deterra Royalties's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$0.2 Mil) to Jun. 2022 (A$0.2 Mil) and declined from Jun. 2022 (A$0.2 Mil) to Jun. 2023 (A$0.1 Mil).

Deterra Royalties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Deterra Royalties'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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Deterra Royalties Long-Term Capital Lease Obligation Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.24

0.18

0.12

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	0.18	-	0.12	-

Deterra Royalties (ASX:DRR) 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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Deterra Royalties (ASX:DRR) Business Description

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DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.