BHP Group (BUE:BHP) Long-Term Capital Lease Obligation : ARS0 Mil (As of Dec. 2023)

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What is BHP Group Long-Term Capital Lease Obligation?

BHP Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ARS0 Mil.

BHP Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (ARS0 Mil) to Jun. 2023 (ARS599,520 Mil) but then declined from Jun. 2023 (ARS599,520 Mil) to Dec. 2023 (ARS0 Mil).

BHP Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (ARS284,853 Mil) to Jun. 2022 (ARS247,519 Mil) but then increased from Jun. 2022 (ARS247,519 Mil) to Jun. 2023 (ARS599,520 Mil).

BHP Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for BHP Group'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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BHP Group Long-Term Capital Lease Obligation Chart

BHP Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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29,041.35

177,311.40

284,853.12

247,518.81

599,520.00

BHP Group 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															-	247,518.81	-	599,520.00	-

BHP Group (BUE:BHP) 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.

BHP Group Long-Term Capital Lease Obligation Related Terms

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BHP Group (BUE:BHP) Business Description

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Comparable Companies

Traded in Other Exchanges

BHG:South Africa BHPLF:USA BHP:USA BHPN:Mexico BHPl:UK BHP:UK BHP1:Germany BHP:Australia

Address

171 Collins Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.bhp.com

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.