Caledonia Mining (Caledonia Mining) Long-Term Capital Lease Obligation : $0.1 Mil (As of Sep. 2023)

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What is Caledonia Mining Long-Term Capital Lease Obligation?

Caledonia Mining's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.1 Mil.

Caledonia Mining's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.2 Mil) to Jun. 2023 ($0.1 Mil) and declined from Jun. 2023 ($0.1 Mil) to Sep. 2023 ($0.1 Mil).

Caledonia Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.2 Mil) to Dec. 2021 ($0.3 Mil) but then declined from Dec. 2021 ($0.3 Mil) to Dec. 2022 ($0.2 Mil).

Caledonia Mining Long-Term Capital Lease Obligation Historical Data

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

Caledonia Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.18

0.33

0.18

Caledonia Mining 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															0.19	0.18	0.17	0.13	0.09

Caledonia Mining (AMEX:CMCL) 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.

Caledonia Mining Long-Term Capital Lease Obligation Related Terms

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Caledonia Mining (Caledonia Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caledonia Mining Corp PLC (AMEX:CMCL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CMCL:UK 9CD1:Germany

Address

B006 Millais House, Castle Quay, Saint Helier, JEY, JE2 3NF

Website

https://www.caledoniamining.com

Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's geographical segment includes Zimbabwe and South Africa. Its operations are into Blanket Gold Mine located in the south-west of Zimbabwe. The majority of revenue is generated from the Zimbabwe segment.