Orvana Minerals (Orvana Minerals) Long-Term Capital Lease Obligation : $0.08 Mil (As of Dec. 2023)

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What is Orvana Minerals Long-Term Capital Lease Obligation?

Orvana Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.08 Mil.

Orvana Minerals's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.44 Mil) to Sep. 2023 ($0.27 Mil) and declined from Sep. 2023 ($0.27 Mil) to Dec. 2023 ($0.08 Mil).

Orvana Minerals's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($0.02 Mil) to Sep. 2022 ($0.07 Mil) and increased from Sep. 2022 ($0.07 Mil) to Sep. 2023 ($0.27 Mil).

Orvana Minerals Long-Term Capital Lease Obligation Historical Data

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

Orvana Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.35

1.82

0.02

0.07

0.27

Orvana Minerals 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															0.02	0.36	0.44	0.27	0.08

Orvana Minerals (OTCPK:ORVMF) 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.

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Orvana Minerals (Orvana Minerals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orvana Minerals Corp (OTCPK:ORVMF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

O6M:Germany ORV:Canada

Address

70 York Street, Suite 1710, Toronto, ON, CAN, M5J 1S9

Website

https://www.orvana.com

Orvana Minerals Corp is a Canadian mining and exploration company that is involved in the evaluation, development, and mining of precious and base metal deposits. The company predominantly operates in the gold and copper mining industry and its majority of the products are gold dore and gold/copper concentrates. Its properties include El Valle and Carles mines and the El Valle processing plant (collectively, El Valle), producer of copper concentrate and dore, Don Mario Operation and Taguas Property. The company's segments include Orovalle, which operates El Valle Mine in Spain, EMIPA which operates Don Mario Mine in Bolivia, Orvana Argentina and Corporate. Majority of the revenue for the company is generated from its Orovalle segment.