Apollo Silver (Apollo Silver) Long-Term Capital Lease Obligation : $0.07 Mil (As of Feb. 2024)

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What is Apollo Silver Long-Term Capital Lease Obligation?

Apollo Silver's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.07 Mil.

Apollo Silver's quarterly Long-Term Capital Lease Obligation declined from May. 2023 ($0.09 Mil) to Aug. 2023 ($0.09 Mil) and declined from Aug. 2023 ($0.09 Mil) to Feb. 2024 ($0.07 Mil).

Apollo Silver's annual Long-Term Capital Lease Obligation increased from Nov. 2020 ($0.00 Mil) to Nov. 2021 ($0.15 Mil) but then declined from Nov. 2021 ($0.15 Mil) to Nov. 2022 ($0.12 Mil).

Apollo Silver Long-Term Capital Lease Obligation Historical Data

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

Apollo Silver Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Long-Term Capital Lease Obligation

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0.15

0.12

Apollo Silver Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.12	0.10	0.09	0.09	0.07

Apollo Silver (OTCPK:APGOF) 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.

Apollo Silver Long-Term Capital Lease Obligation Related Terms

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Apollo Silver (Apollo Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Apollo Silver Corp (OTCPK:APGOF) » Definitions » Long-Term Capital Lease Obligation

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6ZF0:Germany APGO:Canada

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.apollosilver.com

Apollo Silver Corp is exploration and development company in the U.S. The Company, together with its subsidiaries, is a mineral exploration and development group focused on advancing its portfolio of two silver exploration and resource development projects in the United States. The adjacent Waterloo and Langtry Projects are located in the historic Calico Silver Mining District, California. The Arizona Silver District Project is located in a historic silver mining district in southwestern Arizona. Geographically, the company operates in Canada and United States.