St-Georges Eco-Mining (STU:85G1) Long-Term Capital Lease Obligation : €0.80 Mil (As of Dec. 2023)

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What is St-Georges Eco-Mining Long-Term Capital Lease Obligation?

St-Georges Eco-Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.80 Mil.

St-Georges Eco-Mining's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (€0.90 Mil) to Sep. 2023 (€0.86 Mil) and declined from Sep. 2023 (€0.86 Mil) to Dec. 2023 (€0.80 Mil).

St-Georges Eco-Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.05 Mil) to Mar. 2022 (€0.04 Mil) but then increased from Mar. 2022 (€0.04 Mil) to Mar. 2023 (€0.90 Mil).

St-Georges Eco-Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for St-Georges Eco-Mining'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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St-Georges Eco-Mining Long-Term Capital Lease Obligation Chart

St-Georges Eco-Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.08

0.05

0.04

0.90

St-Georges Eco-Mining Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.02	0.01	0.90	0.86	0.80

St-Georges Eco-Mining (STU:85G1) 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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St-Georges Eco-Mining (STU:85G1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » St-Georges Eco-Mining Corp (STU:85G1) » Definitions » Long-Term Capital Lease Obligation

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SXOOF:USA 85G1:Germany SX:Canada

Address

1000 Sherbrooke Street West, Suite 2700, Montreal, QC, CAN, H3A3G4

Website

https://www.st-georgescorp.com

St-Georges Eco-Mining Corp develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery results throughout the value chain. The company has an integrated urban mining strategy which includes full-circle battery recycling and green hydrogen production. It also has verticals in critical mineral exploration in Quebec and Iceland. Its segment includes the acquisition and exploration of mining properties.

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