Ironveld (LSE:IRON) Long-Term Capital Lease Obligation : £0.03 Mil (As of Dec. 2023)

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What is Ironveld Long-Term Capital Lease Obligation?

Ironveld's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.03 Mil.

Ironveld's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.05 Mil) to Jun. 2023 (£0.03 Mil) but then stayed the same from Jun. 2023 (£0.03 Mil) to Dec. 2023 (£0.03 Mil).

Ironveld's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2021 (£0.00 Mil) to Jun. 2022 (£0.00 Mil) but then increased from Jun. 2022 (£0.00 Mil) to Jun. 2023 (£0.03 Mil).

Ironveld Long-Term Capital Lease Obligation Historical Data

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

Ironveld Annual Data

Trend

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Jun23

Long-Term Capital Lease Obligation

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0.03

Ironveld 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															-	-	0.05	0.03	0.03

Ironveld (LSE:IRON) 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.

Ironveld Long-Term Capital Lease Obligation Related Terms

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Ironveld (LSE:IRON) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ironveld PLC (LSE:IRON) » Definitions » Long-Term Capital Lease Obligation

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NYJ:Germany

Address

Sir Alfred Owen Way, Unit D, De Clare House, Pontygwindy Industrial Estate, Caerphilly, GBR, CF83 3HU

Website

https://www.ironveld.com

Ironveld PLC is a UK-based exploration and development company, which is engaged in the exploration and mining of heavy minerals, iron, and vanadium. It focuses on the development of a new integrated Vanadiferous, Titaniferous-Magnetite VTM Project on the Northern Limb of the Bushveld Complex north of Mokopane in the Limpopo province of South Africa. The company owns and operates 15MW DC Smelter project, which produces iron products, vanadium, and titanium.