Companhia Siderurgica Nacional (Companhia Siderurgica Nacional) Long-Term Capital Lease Obligation : $122 Mil (As of Dec. 2023)

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What is Companhia Siderurgica Nacional Long-Term Capital Lease Obligation?

Companhia Siderurgica Nacional's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $122 Mil.

Companhia Siderurgica Nacional's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($123 Mil) to Sep. 2023 ($121 Mil) but then increased from Sep. 2023 ($121 Mil) to Dec. 2023 ($122 Mil).

Companhia Siderurgica Nacional's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($87 Mil) to Dec. 2022 ($99 Mil) and increased from Dec. 2022 ($99 Mil) to Dec. 2023 ($122 Mil).

Companhia Siderurgica Nacional Long-Term Capital Lease Obligation Historical Data

The historical data trend for Companhia Siderurgica Nacional'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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Companhia Siderurgica Nacional Long-Term Capital Lease Obligation Chart

Companhia Siderurgica Nacional Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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107.04

84.85

87.09

98.53

121.66

Companhia Siderurgica Nacional 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	Get a 7-Day Free Trial															98.53	104.87	122.80	120.64	121.66

Companhia Siderurgica Nacional (NYSE:SID) 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.

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Companhia Siderurgica Nacional (Companhia Siderurgica Nacional) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Companhia Siderurgica Nacional (NYSE:SID) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CQWA:Germany CSNA3:Brazil SID:Argentina

Address

Avenue Brigadeiro Faria Lima, 3400, 20th Floor, Sao Paulo, SP, BRA, 04538-132

Website

https://www.csn.com.br

Companhia Siderurgica Nacional is an integrated steel producer. The company operate throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of steel products. It operates in five segments namely, Steel, Mining, Logistics, Energy, and Cement. It generates maximum revenue from the steel segment. Geographically, it derives a majority of revenue from Asia.