Andes Gold (Andes Gold) Long-Term Capital Lease Obligation : $0.02 Mil (As of Dec. 2003)

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What is Andes Gold Long-Term Capital Lease Obligation?

Andes Gold's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2003 was $0.02 Mil.

Andes Gold's quarterly Long-Term Capital Lease Obligation declined from Jun. 2003 ($0.20 Mil) to Sep. 2003 ($0.17 Mil) and declined from Sep. 2003 ($0.17 Mil) to Dec. 2003 ($0.02 Mil).

Andes Gold's annual Long-Term Capital Lease Obligation increased from Dec. 2001 ($0.09 Mil) to Dec. 2002 ($0.20 Mil) but then declined from Dec. 2002 ($0.20 Mil) to Dec. 2003 ($0.02 Mil).

Andes Gold Long-Term Capital Lease Obligation Historical Data

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

Andes Gold Annual Data

Trend

Dec94

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Long-Term Capital Lease Obligation

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0.09

0.20

0.02

Andes Gold Quarterly Data
	Mar98	Jun98	Sep98	Dec98	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.20	0.21	0.20	0.17	0.02

Andes Gold (OTCPK:AGCZ) 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.

Andes Gold Long-Term Capital Lease Obligation Related Terms

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Andes Gold (Andes Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andes Gold Corp (OTCPK:AGCZ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432

Website

http://www.andesgoldmine.com

Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.

Andes Gold (Andes Gold) Headlines

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