Denarius Metals (Denarius Metals) Long-Term Capital Lease Obligation : $0.07 Mil (As of Mar. 2024)

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What is Denarius Metals Long-Term Capital Lease Obligation?

Denarius Metals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.07 Mil.

Denarius Metals's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.14 Mil) to Dec. 2023 ($0.12 Mil) and declined from Dec. 2023 ($0.12 Mil) to Mar. 2024 ($0.07 Mil).

Denarius Metals's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.01 Mil) to Dec. 2022 ($0.14 Mil) but then declined from Dec. 2022 ($0.14 Mil) to Dec. 2023 ($0.12 Mil).

Denarius Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Denarius Metals'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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Denarius Metals Long-Term Capital Lease Obligation Chart

Denarius Metals Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.01

0.14

0.12

Denarius Metals Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										0.17	0.18	0.14	0.12	0.07

Denarius Metals (OTCPK:DNRSF) 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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Denarius Metals (Denarius Metals) Business Description

Industry

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

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Traded in Other Exchanges

T7C:Germany DSLV:Canada

Address

401 Bay Street, Suite 2400, PO Box 15, Toronto, ON, CAN, M5H 2Y4

Website

https://www.denariusmetals.com

Denarius Metals Corp is engaged in the acquisition, exploration, development, and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The company's reportable segments and geographical location includes Colombia, Spain, and Corporate.