Iris Energy (Iris Energy) Long-Term Capital Lease Obligation : $1.15 Mil (As of Dec. 2023)

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What is Iris Energy Long-Term Capital Lease Obligation?

Iris Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.15 Mil.

Iris Energy's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.26 Mil) to Jun. 2023 ($1.26 Mil) and declined from Jun. 2023 ($1.26 Mil) to Dec. 2023 ($1.15 Mil).

Iris Energy's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($1.00 Mil) to Jun. 2022 ($1.19 Mil) and increased from Jun. 2022 ($1.19 Mil) to Jun. 2023 ($1.26 Mil).

Iris Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Iris Energy'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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Iris Energy Long-Term Capital Lease Obligation Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

1.00

1.19

1.26

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.99	1.19	1.26	1.26	1.15

Iris Energy (NAS:IREN) 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.

Iris Energy Long-Term Capital Lease Obligation Related Terms

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Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.