MAG Silver (MAG Silver) Long-Term Capital Lease Obligation

: $0.00 Mil (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

MAG Silver's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

MAG Silver's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.07 Mil) to Sep. 2023 ($0.03 Mil) and declined from Sep. 2023 ($0.03 Mil) to Dec. 2023 ($0.00 Mil).

MAG Silver's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.28 Mil) to Dec. 2022 ($0.14 Mil) and declined from Dec. 2022 ($0.14 Mil) to Dec. 2023 ($0.00 Mil).

MAG Silver Long-Term Capital Lease Obligation Historical Data

The historical data trend for MAG 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.

* Premium members only.

MAG Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.47

0.38

0.28

0.14

MAG 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																0.14	0.10	0.07	0.03	-

MAG Silver (AMEX:MAG) 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.

MAG Silver Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of MAG Silver's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

MAG Silver (MAG Silver) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MQ8:Germany MQ8:Germany MAG:Canada

Address

800 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 2V6

Website

https://www.magsilver.com

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, and the JV is constructing and developing the surface and underground infrastructure on the property to support a 4,000tpd mining operation. Also, MAG has an expanded exploration program targeting multiple prospective targets at both Juanicipio and the Deer Trail 100% earn-in prloject in Utah.