Northam Platinum Holdings (JSE:NPH) Long-Term Capital Lease Obligation : R77 Mil (As of Dec. 2023)

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What is Northam Platinum Holdings Long-Term Capital Lease Obligation?

Northam Platinum Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R77 Mil.

Northam Platinum Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (R64 Mil) to Jun. 2023 (R78 Mil) but then declined from Jun. 2023 (R78 Mil) to Dec. 2023 (R77 Mil).

Northam Platinum Holdings's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (R68 Mil) to Jun. 2022 (R64 Mil) but then increased from Jun. 2022 (R64 Mil) to Jun. 2023 (R78 Mil).

Northam Platinum Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northam Platinum Holdings'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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Northam Platinum Holdings Long-Term Capital Lease Obligation Chart

Northam Platinum Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

64.36

68.02

64.18

78.34

Northam Platinum Holdings Semi-Annual Data
	Jun18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					64.10	64.18	64.49	78.34	76.62

Northam Platinum Holdings (JSE:NPH) 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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Northam Platinum Holdings (JSE:NPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northam Platinum Holdings Ltd (JSE:NPH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NPTLF:USA 7JR:Germany

Address

Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Jukskei View, Waterfall City, GT, ZAF, 2090

Website

https://www.northam.co.za

Northam Platinum Holdings Ltd is an integrated producer of platinum group metals. Its primary products are the three PGMs, platinum, palladium, and rhodium. The primary consumers of these metals are the motor manufacturing industry, the jewelry industry, and other industrial sectors. Its segments include Northam Holdings, Zondereinde mine, Booysendal mine, Eland mine, and the US recycling operations.

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