Vale (XMAD:XVALO) Long-Term Capital Lease Obligation : €1,151 Mil (As of Dec. 2023)

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What is Vale Long-Term Capital Lease Obligation?

Vale's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,151 Mil.

Vale's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€1,219 Mil) to Sep. 2023 (€1,202 Mil) and declined from Sep. 2023 (€1,202 Mil) to Dec. 2023 (€1,151 Mil).

Vale's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1,264 Mil) to Dec. 2022 (€1,273 Mil) but then declined from Dec. 2022 (€1,273 Mil) to Dec. 2023 (€1,151 Mil).

Vale Long-Term Capital Lease Obligation Historical Data

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

Vale Annual Data

Trend

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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1,165.60

1,263.78

1,273.46

1,150.84

Vale 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															1,273.46	1,244.09	1,219.28	1,202.17	1,150.84

Vale (XMAD:XVALO) 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.

Vale Long-Term Capital Lease Obligation Related Terms

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Vale (XMAD:XVALO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (XMAD:XVALO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VALE:USA VALE:Mexico 0LBF:UK CVLC:Germany VALE3:Brazil VALE:Argentina

Address

Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145

Website

https://www.vale.com

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.

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