Lithium Americas (TSX:LAC) Long-Term Capital Lease Obligation : C$4.03 Mil (As of Mar. 2024)

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What is Lithium Americas Long-Term Capital Lease Obligation?

Lithium Americas's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$4.03 Mil.

Lithium Americas's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$1.51 Mil) to Dec. 2023 (C$4.18 Mil) but then declined from Dec. 2023 (C$4.18 Mil) to Mar. 2024 (C$4.03 Mil).

Lithium Americas's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$2.25 Mil) to Dec. 2022 (C$2.20 Mil) but then increased from Dec. 2022 (C$2.20 Mil) to Dec. 2023 (C$4.18 Mil).

Lithium Americas Long-Term Capital Lease Obligation Historical Data

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

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.25

2.20

4.18

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	-	1.51	4.18	4.03

Lithium Americas (TSX:LAC) 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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Lithium Americas (TSX:LAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (TSX:LAC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LAC:USA WUC:Germany WUC:Germany

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.