Aris Mining (FRA:ZP1) Long-Term Capital Lease Obligation

: €2.8 Mil (As of Dec. 2023)

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Aris Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2.8 Mil.

Aris Mining's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€2.8 Mil) to Sep. 2023 (€2.7 Mil) but then increased from Sep. 2023 (€2.7 Mil) to Dec. 2023 (€2.8 Mil).

Aris Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1.8 Mil) to Dec. 2022 (€3.5 Mil) but then declined from Dec. 2022 (€3.5 Mil) to Dec. 2023 (€2.8 Mil).

Aris Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aris 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.

* Premium members only.

Aris Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.40

2.45

1.85

3.50

2.82

Aris Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																3.50	3.10	2.79	2.68	2.82

Aris Mining (FRA:ZP1) 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.

Aris Mining Long-Term Capital Lease Obligation Related Terms

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Aris Mining (FRA:ZP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aris Mining Corp (FRA:ZP1) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ARMN:USA ZP1:Germany ARIS:Canada

Address

425 Hornby Street, Vancouver, BC, CAN, V6C 2Y2

Website

https://www.aris-mining.com

Aris Mining Corp is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. It owns and operates its Segovia Operations, Soto Norte Project and Marmato Mine in Colombia, Toroparu Project in Guyana and the Juby Project in Ontario, Canada. The company generates revenue from the sale of gold and silver.

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