CSN Mineracao (BSP:CMIN3) Long-Term Capital Lease Obligation : R$110 Mil (As of Sep. 2024)

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What is CSN Mineracao Long-Term Capital Lease Obligation?

CSN Mineracao's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was R$110 Mil.

CSN Mineracao's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (R$0 Mil) to Jun. 2024 (R$111 Mil) but then declined from Jun. 2024 (R$111 Mil) to Sep. 2024 (R$110 Mil).

CSN Mineracao Long-Term Capital Lease Obligation Historical Data

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

CSN Mineracao Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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82.08

74.36

CSN Mineracao Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															114.07	-	-	110.60	110.14

CSN Mineracao (BSP:CMIN3) 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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CSN Mineracao Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CSN Mineracao SA (BSP:CMIN3) » Definitions » Long-Term Capital Lease Obligation

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Address

Casa de Pedra, PO Box: 97, Congonhas, MG, BRA, 36415-000

Website

https://www.csn.com.br

CSN Mineracao SA is engaged in the steelmaking business. The company operates in steel, mining, cement, logistics, and energy segments. The product portfolio includes flat, long, steel packaging, steel cutting services, an d others.

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