Karora Resources (TSX:KRR) Long-Term Capital Lease Obligation : C$14.9 Mil (As of Mar. 2024)

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What is Karora Resources Long-Term Capital Lease Obligation?

Karora Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$14.9 Mil.

Karora Resources's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$13.6 Mil) to Dec. 2023 (C$14.3 Mil) and increased from Dec. 2023 (C$14.3 Mil) to Mar. 2024 (C$14.9 Mil).

Karora Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$5.6 Mil) to Dec. 2022 (C$5.8 Mil) and increased from Dec. 2022 (C$5.8 Mil) to Dec. 2023 (C$14.3 Mil).

Karora Resources Long-Term Capital Lease Obligation Historical Data

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

Karora Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.74

2.17

5.58

5.80

14.26

Karora Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.32	10.87	13.61	14.26	14.93

Karora Resources (TSX:KRR) 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.

Karora Resources Long-Term Capital Lease Obligation Related Terms

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Karora Resources (TSX:KRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Karora Resources Inc (TSX:KRR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KRRGF:USA 5RN1:Germany

Address

141 Adelaide Street West, Suite 1608, Toronto, ON, CAN, M5H 3L5

Website

https://www.karoraresources.com

Karora Resources Inc is a multi-asset mineral resource company engaged in the production and exploration and evaluation activities in Australia. Its main assets are the Beta Hunt Mine; HGO toll processing and gold mining operation; and the Spargos Reward Gold Project, all of which are located in Western Australia.

Executives

Michael Benjamin Jr. Doolin

Senior Officer

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