Southern Copper (BUE:SCCO) Long-Term Capital Lease Obligation : ARS572,984 Mil (As of Mar. 2024)

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What is Southern Copper Long-Term Capital Lease Obligation?

Southern Copper's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ARS572,984 Mil.

Southern Copper's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (ARS250,249 Mil) to Dec. 2023 (ARS251,761 Mil) and increased from Dec. 2023 (ARS251,761 Mil) to Mar. 2024 (ARS572,984 Mil).

Southern Copper's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (ARS85,074 Mil) to Dec. 2022 (ARS129,778 Mil) and increased from Dec. 2022 (ARS129,778 Mil) to Dec. 2023 (ARS251,761 Mil).

Southern Copper Long-Term Capital Lease Obligation Historical Data

The historical data trend for Southern Copper'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.

Southern Copper Long-Term Capital Lease Obligation Chart

Southern Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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58,446.63

73,925.59

85,073.97

129,777.86

251,761.40

Southern Copper 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															149,446.58	177,288.00	250,249.25	251,761.40	572,984.26

Southern Copper (BUE:SCCO) 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.

Southern Copper Long-Term Capital Lease Obligation Related Terms

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Southern Copper (BUE:SCCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Copper Corp (BUE:SCCO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SCCO:USA SCCO:Peru SCCO:Mexico PCU:Germany

Address

7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020

Website

https://www.southerncoppercorp.com

Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia.