Equinox Resources (ASX:EQN) Long-Term Capital Lease Obligation : A$0.07 Mil (As of Jun. 2023)

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What is Equinox Resources Long-Term Capital Lease Obligation?

Equinox Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.07 Mil.

Equinox Resources's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (A$0.02 Mil) to Dec. 2022 (A$0.00 Mil) but then increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.07 Mil).

Equinox Resources's annual Long-Term Capital Lease Obligation increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$0.02 Mil) and increased from Jun. 2022 (A$0.02 Mil) to Jun. 2023 (A$0.07 Mil).

Equinox Resources Long-Term Capital Lease Obligation Historical Data

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

Equinox Resources Annual Data

Trend

Jun22

Jun23

Long-Term Capital Lease Obligation

0.02

0.07

Equinox Resources Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	0.02	-	0.07	-

Equinox Resources (ASX:EQN) 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.

Equinox Resources Long-Term Capital Lease Obligation Related Terms

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Equinox Resources (ASX:EQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equinox Resources Ltd (ASX:EQN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

182 St George's Terrace, Level 50, Perth, WA, AUS, 6000

Website

https://www.eqnx.com.au

Equinox Resources Ltd is a mineral exploration appraising and development company. It owns interests in the Hamersley Iron Ore Project is located north of Tom Price in the Pilbara region of Western Australia.

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