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Rio2 (RIOFF) Long-Term Capital Lease Obligation : $0.11 Mil (As of Mar. 2025)


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What is Rio2 Long-Term Capital Lease Obligation?

Rio2's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.11 Mil.

Rio2's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($0.19 Mil) to Dec. 2024 ($0.15 Mil) and declined from Dec. 2024 ($0.15 Mil) to Mar. 2025 ($0.11 Mil).

Rio2's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.51 Mil) to Dec. 2023 ($0.31 Mil) and declined from Dec. 2023 ($0.31 Mil) to Dec. 2024 ($0.15 Mil).

Rio2 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rio2'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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Rio2 Long-Term Capital Lease Obligation Chart

Rio2 Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.30 0.51 0.31 0.15

Rio2 Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.23 0.19 0.15 0.11

Rio2  (OTCPK:RIOFF) 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.

Rio2 Long-Term Capital Lease Obligation Related Terms

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Rio2 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio2 Ltd (OTCPK:RIOFF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
RIO:Peru 1SB:Germany 1SB:Germany RIO:Canada
Address
701 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V7Y 1C6
Website
https://www.rio2.com
Rio2 Ltd is a mining company with a focus on development and mining operations. It focuses on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development. In addition to the Fenix Gold Project, in development in Chile. The Company has four operating segments in four geographic areas, which are the corporate office in Canada, the financing of the Fenix Gold Project in the Bahamas, the support of the Fenix Gold Project in Peru, and the development of the Fenix Gold Project in Chile. It has a single reportable segment, being mineral exploration and development.