Atlantic Lithium (LSE:ALL) Long-Term Capital Lease Obligation : £0.35 Mil (As of Dec. 2023)

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What is Atlantic Lithium Long-Term Capital Lease Obligation?

Atlantic Lithium's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.35 Mil.

Atlantic Lithium's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (£0.00 Mil) to Jun. 2023 (£0.00 Mil) but then increased from Jun. 2023 (£0.00 Mil) to Dec. 2023 (£0.35 Mil).

Atlantic Lithium Long-Term Capital Lease Obligation Historical Data

The historical data trend for Atlantic Lithium'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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Atlantic Lithium Long-Term Capital Lease Obligation Chart

Atlantic Lithium Annual Data

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Long-Term Capital Lease Obligation

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Atlantic Lithium 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															-	-	-	-	0.35

Atlantic Lithium (LSE:ALL) 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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Atlantic Lithium (LSE:ALL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlantic Lithium Ltd (LSE:ALL) » Definitions » Long-Term Capital Lease Obligation

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ALLIF:USA BSG0:Germany A11:Australia

Address

264 George Street, Level 33, Australia Square, Sydney, NSW, AUS, 2000

Website

https://www.atlanticlithium.com.au

Atlantic Lithium Ltd is an Australia-based lithium exploration company. It owns an extensive portfolio of exploration and development assets providing exploration upside across both Ghana and Cote d'Ivoire.