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Kodal Minerals (LSE:KOD) Long-Term Capital Lease Obligation : £0.00 Mil (As of Sep. 2023)


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What is Kodal Minerals Long-Term Capital Lease Obligation?

Kodal Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil.


Kodal Minerals Long-Term Capital Lease Obligation Historical Data

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

Kodal Minerals Annual Data
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Long-Term Capital Lease Obligation
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Kodal Minerals Semi-Annual Data
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Kodal Minerals  (LSE:KOD) 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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Kodal Minerals (LSE:KOD) Business Description

Industry
Traded in Other Exchanges
Address
35-39 Maddox Street, Prince Frederick House, London, GBR, W1S 2PP
Kodal Minerals PLC is a mining and exploration company that acquires or discovers and develops mineral assets. Its operating segments include West African Gold Projects, the West African Lithium Projects, the Norway Projects, and the UK administration operations. The company has legacy interests in Norway including the Kodal phosphate and iron deposit in the south of the country and the copper focussed Grimeli Project in the West. Its Bougouni Project consists of two concessions, the Kolassokoro and Madina licences, which cover a contiguous area of around 500 square kilometres.