New Gold (New Gold) Long-Term Capital Lease Obligation : $2.6 Mil (As of Dec. 2023)

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What is New Gold Long-Term Capital Lease Obligation?

New Gold's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.6 Mil.

New Gold's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($1.6 Mil) to Sep. 2023 ($2.9 Mil) but then declined from Sep. 2023 ($2.9 Mil) to Dec. 2023 ($2.6 Mil).

New Gold's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($10.7 Mil) to Dec. 2022 ($1.3 Mil) but then increased from Dec. 2022 ($1.3 Mil) to Dec. 2023 ($2.6 Mil).

New Gold Long-Term Capital Lease Obligation Historical Data

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

New Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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23.90

19.50

10.70

1.30

2.60

New Gold 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															1.30	0.20	1.60	2.90	2.60

New Gold (AMEX:NGD) 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.

New Gold Long-Term Capital Lease Obligation Related Terms

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New Gold (New Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Gold Inc (AMEX:NGD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

32N:Germany 32N:Germany NGD:Canada

Address

181 Bay Street, Suite 3320, Toronto, ON, CAN, M5J 2T3

Website

https://www.newgold.com

New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.