Verde Resources (Verde Resources) Long-Term Capital Lease Obligation : $0.62 Mil (As of Dec. 2023)

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What is Verde Resources Long-Term Capital Lease Obligation?

Verde Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.62 Mil.

Verde Resources's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.64 Mil) to Sep. 2023 ($0.60 Mil) but then increased from Sep. 2023 ($0.60 Mil) to Dec. 2023 ($0.62 Mil).

Verde Resources's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.10 Mil) and increased from Jun. 2022 ($0.10 Mil) to Jun. 2023 ($0.64 Mil).

Verde Resources Long-Term Capital Lease Obligation Historical Data

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

Verde Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

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Jun20

Jun21

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Jun23

Long-Term Capital Lease Obligation

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0.10

0.64

Verde Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.73	0.69	0.64	0.60	0.62

Verde Resources (OTCPK:VRDR) 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.

Verde Resources Long-Term Capital Lease Obligation Related Terms

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Verde Resources (Verde Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Verde Resources Inc (OTCPK:VRDR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Cityplace Drive, Suite 200, St. Louis, MO, USA, 63141

Website

https://www.verderesources.com

Verde Resources Inc operates is a US-based company. The Company currently is engaged in the production and distribution of renewable commodities, distribution of THC-free cannabinoid (CBD) products, and real property holding. The company has four operating segments, Distribution of THC-free cannabinoid (CBD) products; Production and distribution of renewable commodities; Holding of real property; and Licensor of proprietary pyrolysis technology.

Executives

Oil Berhad Borneo	10 percent owner	1ST AND 2ND FLOOR, VICTORIA POINT,, JALAN OKK AWANG BESAR, W. P. LABUAN N8 87007
Borneo Oil & Gas Corp Sdn Bhd	10 percent owner	17TH FLOOR, MENARA HAP SENG, NO. 1 & 3, JALAN P. RAMLEE, KUALA LUMPUR N8 50250
Ming Ding Wu	director, 10 percent owner, officer: President	UNIT 1503, 15/F, THE PHOENIX, 21-25 LUARD ROAD, WANCHAI, HONG KONG K3 00000
All Fine Holdings Ltd	10 percent owner	UNIT 1503, 15/F., THE PHOENIX, 21-25 LUARD ROAD, WANCHAI, HONG KONG K3 00000
Michael Stiege	director, 10 percent owner	905 VENTURE WAY, MILL VALLEY CA 94941
Stephen Spalding	director, 10 percent owner, officer: Pres., CEO, Tres., Sec.	905 VENTURE WAY, MILL VALLEY CA 94941
Kukulcan Diversified Corp.	10 percent owner	PO BOX 1405, LOS ALTOS CA 94023