Freeport-McMoRan (CHIX:FPMBD) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2025)

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What is Freeport-McMoRan Long-Term Capital Lease Obligation?

Freeport-McMoRan's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was €0 Mil.

Freeport-McMoRan's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (€0 Mil) to Dec. 2024 (€661 Mil) but then declined from Dec. 2024 (€661 Mil) to Mar. 2025 (€0 Mil).

Freeport-McMoRan's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (€278 Mil) to Dec. 2023 (€318 Mil) and increased from Dec. 2023 (€318 Mil) to Dec. 2024 (€661 Mil).

Freeport-McMoRan Long-Term Capital Lease Obligation Historical Data

The historical data trend for Freeport-McMoRan'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.

* Premium members only.

Freeport-McMoRan Long-Term Capital Lease Obligation Chart

Freeport-McMoRan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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156.18

248.69

277.54

318.20

660.86

Freeport-McMoRan Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	660.86	-

Freeport-McMoRan (CHIX:FPMBd) 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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Freeport-McMoRan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (CHIX:FPMBd) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FCX:USA FCX:Peru FCX:Mexico FCX_KZ:Kazakhstan 1FCX:Italy 0R2O:UK FPMB:Germany FPMB:Germany FPMB:Germany FCX:Chile FCXO34:Brazil FCX:Austria FCX:Argentina

Address

333 North Central Avenue, Phoenix, AZ, USA, 85004-2189

Website

https://www.fcx.com

Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

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