Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Long-Term Capital Lease Obligation : $50 Mil (As of Dec. 2023)

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What is Sociedad Minera Cerro VerdeA Long-Term Capital Lease Obligation?

Sociedad Minera Cerro VerdeA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $50 Mil.

Sociedad Minera Cerro VerdeA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($63 Mil) to Dec. 2022 ($56 Mil) and declined from Dec. 2022 ($56 Mil) to Dec. 2023 ($50 Mil).

Sociedad Minera Cerro VerdeA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($63 Mil) to Dec. 2022 ($56 Mil) and declined from Dec. 2022 ($56 Mil) to Dec. 2023 ($50 Mil).

Sociedad Minera Cerro VerdeA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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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Sociedad Minera Cerro VerdeA Long-Term Capital Lease Obligation Chart

Sociedad Minera Cerro VerdeA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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76.94

68.99

62.50

56.10

49.68

Sociedad Minera Cerro VerdeA Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec19	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					76.94	68.99	62.50	56.10	49.68

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) 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.

Sociedad Minera Cerro VerdeA Long-Term Capital Lease Obligation Related Terms

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Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Avenue Alfonso Ugarte 304, Arequipa, PER

Website

https://www.cerroverde.pe

Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Headlines

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