Savannah Resources (LSE:SAV) Long-Term Capital Lease Obligation : £0.04 Mil (As of Dec. 2023)

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What is Savannah Resources Long-Term Capital Lease Obligation?

Savannah Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.04 Mil.

Savannah Resources's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.01 Mil) to Jun. 2023 (£0.01 Mil) but then increased from Jun. 2023 (£0.01 Mil) to Dec. 2023 (£0.04 Mil).

Savannah Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£0.00 Mil) to Dec. 2022 (£0.01 Mil) and increased from Dec. 2022 (£0.01 Mil) to Dec. 2023 (£0.04 Mil).

Savannah Resources Long-Term Capital Lease Obligation Historical Data

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

Savannah Resources Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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0.01

0.04

Savannah Resources 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															-	0.01	0.01	0.01	0.04

Savannah Resources (LSE:SAV) 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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Savannah Resources (LSE:SAV) Business Description

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

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SAVNF:USA SAV:Germany

Address

Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://www.savannahresources.com

Savannah Resources PLC is a mineral resource development company. Its flagship asset is the wholly-owned Barros Lithium Project in northern Portugal. The project boasts the spodumene lithium resource in Western Europe and is an analog of the hard rock lithium deposits in Australia. Savannah is focused on the responsible development and operation of the Barroso Lithium Project to provide a long-term, local source of lithium raw material for Europe's rapidly developing lithium battery value chain. Alongside its development of the Barroso Lithium Project, the company maintains an active growth strategy and continues to target additional projects that add value and complement the existing portfolio.

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