Adventus Mining (STU:AZC) Long-Term Capital Lease Obligation : €0.01 Mil (As of Dec. 2023)

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What is Adventus Mining Long-Term Capital Lease Obligation?

Adventus Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.01 Mil.

Adventus Mining's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (€0.02 Mil) to Sep. 2023 (€0.01 Mil) and declined from Sep. 2023 (€0.01 Mil) to Dec. 2023 (€0.01 Mil).

Adventus Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.00 Mil) to Dec. 2022 (€0.03 Mil) but then declined from Dec. 2022 (€0.03 Mil) to Dec. 2023 (€0.01 Mil).

Adventus Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adventus 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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Adventus Mining Long-Term Capital Lease Obligation Chart

Adventus Mining Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.03

0.01

Adventus Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.03	0.03	0.02	0.01	0.01

Adventus Mining (STU:AZC) 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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Adventus Mining (STU:AZC) Business Description

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ADVZF:USA ADZN:Canada

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.adventusmining.com

Adventus Mining Corp is an Ecuador-focused copper-gold exploration and development company. The company is advancing the project through a feasibility study while exploring the broader Curipamba district. In addition, it is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects. The company also controls an exploration project portfolio in Ireland with South32 Limited as a funding partner as well as an investment portfolio of equities in several exploration companies.

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