Corsa Coal (Corsa Coal) Long-Term Capital Lease Obligation : $3.6 Mil (As of Dec. 2023)

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What is Corsa Coal Long-Term Capital Lease Obligation?

Corsa Coal's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.6 Mil.

Corsa Coal's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($3.8 Mil) to Sep. 2023 ($3.9 Mil) but then declined from Sep. 2023 ($3.9 Mil) to Dec. 2023 ($3.6 Mil).

Corsa Coal's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1.9 Mil) to Dec. 2022 ($2.6 Mil) and increased from Dec. 2022 ($2.6 Mil) to Dec. 2023 ($3.6 Mil).

Corsa Coal Long-Term Capital Lease Obligation Historical Data

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

Corsa Coal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.56

2.77

1.88

2.64

3.60

Corsa Coal 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															2.64	3.03	3.79	3.94	3.60

Corsa Coal (OTCPK:CRSXF) 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.

Corsa Coal Long-Term Capital Lease Obligation Related Terms

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Corsa Coal (Corsa Coal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corsa Coal Corp (OTCPK:CRSXF) » Definitions » Long-Term Capital Lease Obligation

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CSO:Canada

Address

1576 Stoystown Road, PO Box 260, Friedens, PA, USA, 15541

Website

https://www.corsacoal.com

Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments.

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