First Majestic Silver (First Majestic Silver) Long-Term Capital Lease Obligation : $19.3 Mil (As of Dec. 2023)

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What is First Majestic Silver Long-Term Capital Lease Obligation?

First Majestic Silver's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19.3 Mil.

First Majestic Silver's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($23.4 Mil) to Sep. 2023 ($21.3 Mil) and declined from Sep. 2023 ($21.3 Mil) to Dec. 2023 ($19.3 Mil).

First Majestic Silver's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($28.0 Mil) to Dec. 2022 ($23.8 Mil) and declined from Dec. 2022 ($23.8 Mil) to Dec. 2023 ($19.3 Mil).

First Majestic Silver Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Majestic Silver'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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First Majestic Silver Long-Term Capital Lease Obligation Chart

First Majestic Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.02

15.22

28.04

23.76

19.33

First Majestic Silver 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															23.76	26.11	23.38	21.28	19.33

First Majestic Silver (NYSE:AG) 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.

First Majestic Silver Long-Term Capital Lease Obligation Related Terms

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First Majestic Silver (First Majestic Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Majestic Silver Corp (NYSE:AG) » Definitions » Long-Term Capital Lease Obligation

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Address

925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2

Website

https://www.firstmajestic.com

First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns four producing mines, three mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine in Nevada.

Executives

Vinita Lee Piper

10 percent owner

712 WILCREST, SUITE 3020, HOUSTON TX 77042