Marathon Gold (STU:MC8) Long-Term Capital Lease Obligation : €16.33 Mil (As of Sep. 2023)

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What is Marathon Gold Long-Term Capital Lease Obligation?

Marathon Gold's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €16.33 Mil.

Marathon Gold's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (€16.36 Mil) to Jun. 2023 (€16.25 Mil) but then increased from Jun. 2023 (€16.25 Mil) to Sep. 2023 (€16.33 Mil).

Marathon Gold's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€0.35 Mil) to Dec. 2021 (€0.64 Mil) and increased from Dec. 2021 (€0.64 Mil) to Dec. 2022 (€16.61 Mil).

Marathon Gold Long-Term Capital Lease Obligation Historical Data

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

Marathon Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.35

0.64

16.61

Marathon Gold 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															0.85	16.61	16.36	16.25	16.33

Marathon Gold (STU:MC8) 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.

Marathon Gold Long-Term Capital Lease Obligation Related Terms

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Marathon Gold (STU:MC8) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marathon Gold Corp (STU:MC8) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MGDPF:USA MOZ:Canada

Address

36 Lombard Street, 6th Floor, Suite 600, Toronto, ON, CAN, M5C 2X3

Website

https://www.marathon-gold.com

Marathon Gold Corp is a Canadian gold mining company. It is engaged in the exploration and development of precious and base metal prospects. Its flagship asset, the wholly-owned Valentine Gold Project, is located in Newfoundland and Labrador, Canada. The Project comprises a series of four mineralized deposits along with a 20- kilometer system.

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