Alexco Resource (Alexco Resource) Long-Term Capital Lease Obligation : $1.62 Mil (As of Jun. 2022)

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What is Alexco Resource Long-Term Capital Lease Obligation?

Alexco Resource's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was $1.62 Mil.

Alexco Resource's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.93 Mil) to Mar. 2022 ($1.52 Mil) but then increased from Mar. 2022 ($1.52 Mil) to Jun. 2022 ($1.62 Mil).

Alexco Resource's annual Long-Term Capital Lease Obligation increased from Dec. 2019 ($0.79 Mil) to Dec. 2020 ($3.44 Mil) but then declined from Dec. 2020 ($3.44 Mil) to Dec. 2021 ($1.93 Mil).

Alexco Resource Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alexco Resource'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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Alexco Resource Long-Term Capital Lease Obligation Chart

Alexco Resource Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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0.79

3.44

1.93

Alexco Resource Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.07	2.47	1.93	1.52	1.62

Alexco Resource (AMEX:AXU) 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.

Alexco Resource Long-Term Capital Lease Obligation Related Terms

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Alexco Resource (Alexco Resource) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alexco Resource Corp (AMEX:AXU) » Definitions » Long-Term Capital Lease Obligation

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Address

Two Bentall Centre, 555 Burrard Street, Suite 1225, Box 216, Vancouver, BC, CAN, V7X 1M9

Website

https://www.alexcoresource.com

Alexco Resource Corp is engaged in mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores silver, lead, zinc, and gold deposits. The firm's projects include Keno Hill Silver District, Flame and Moth, Bermingham, Lucky Queen, Bellekeno, and others.