Almaden Minerals (Almaden Minerals) Long-Term Capital Lease Obligation : $0.22 Mil (As of Sep. 2023)

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What is Almaden Minerals Long-Term Capital Lease Obligation?

Almaden Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.22 Mil.

Almaden Minerals's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.26 Mil) to Jun. 2023 ($0.25 Mil) and declined from Jun. 2023 ($0.25 Mil) to Sep. 2023 ($0.22 Mil).

Almaden Minerals's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.03 Mil) to Dec. 2021 ($0.36 Mil) but then declined from Dec. 2021 ($0.36 Mil) to Dec. 2022 ($0.28 Mil).

Almaden Minerals Long-Term Capital Lease Obligation Historical Data

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

Almaden Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.13

0.03

0.36

0.28

Almaden Minerals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.30	0.28	0.26	0.25	0.22

Almaden Minerals (AMEX:AAU) 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.

Almaden Minerals Long-Term Capital Lease Obligation Related Terms

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Almaden Minerals (Almaden Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almaden Minerals Ltd (AMEX:AAU) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AAU:Mexico A4E1:Germany AMM:Canada

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

https://www.almadenminerals.com

Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.