Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Long-Term Capital Lease Obligation : R$57 Mil (As of Mar. 2024)

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What is Usinas Siderurgicas de Minas Gerais Long-Term Capital Lease Obligation?

Usinas Siderurgicas de Minas Gerais's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$57 Mil.

Usinas Siderurgicas de Minas Gerais's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (R$81 Mil) to Dec. 2023 (R$62 Mil) and declined from Dec. 2023 (R$62 Mil) to Mar. 2024 (R$57 Mil).

Usinas Siderurgicas de Minas Gerais's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$53 Mil) to Dec. 2022 (R$85 Mil) but then declined from Dec. 2022 (R$85 Mil) to Dec. 2023 (R$62 Mil).

Usinas Siderurgicas de Minas Gerais Long-Term Capital Lease Obligation Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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.

* Premium members only.

Usinas Siderurgicas de Minas Gerais Long-Term Capital Lease Obligation Chart

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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75.94

37.92

53.01

85.14

62.19

Usinas Siderurgicas de Minas Gerais Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															77.19	82.35	81.39	62.19	56.74

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) 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.

Usinas Siderurgicas de Minas Gerais Long-Term Capital Lease Obligation Related Terms

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Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM3) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil

Address

Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Headlines

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