Fresnillo (Fresnillo) Long-Term Capital Lease Obligation : $10 Mil (As of Dec. 2023)

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What is Fresnillo Long-Term Capital Lease Obligation?

Fresnillo's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10 Mil.

Fresnillo's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($10 Mil) to Jun. 2023 ($10 Mil) and declined from Jun. 2023 ($10 Mil) to Dec. 2023 ($10 Mil).

Fresnillo's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($6 Mil) to Dec. 2022 ($10 Mil) but then declined from Dec. 2022 ($10 Mil) to Dec. 2023 ($10 Mil).

Fresnillo Long-Term Capital Lease Obligation Historical Data

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

Fresnillo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.01

7.70

6.15

9.92

9.78

Fresnillo 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															6.15	6.78	9.92	9.91	9.78

Fresnillo (OTCPK:FNLPF) 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.

Fresnillo Long-Term Capital Lease Obligation Related Terms

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Fresnillo (Fresnillo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fresnillo PLC (OTCPK:FNLPF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FRES:Mexico FRESl:UK FRES:UK FNL:Germany

Address

Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250

Website

http://www.fresnilloplc.com

Fresnillo PLC is a silver mining company and the largest gold producer. The group has seven reportable operating segments, which are represented by six producing mines. The Fresnillo, Juanicipio and Saucito mines are located in the state of Zacatecas and are some of the world's largest underground silver mines. The Cirnega mine, located in the state of Durango, an underground gold mine. The San Julian mine, located on the border of Durango states, which is an underground silver-gold mine. The Herradura, Soledad-Dipolos, and Noche Buena are all open pit gold mines, located in the state of Sonora. Herradura and Saucito combined account for more than half of group revenue.