Ramaco Resources (FRA:5R0) Long-Term Capital Lease Obligation : €7.9 Mil (As of Mar. 2024)

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What is Ramaco Resources Long-Term Capital Lease Obligation?

Ramaco Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €7.9 Mil.

Ramaco Resources's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€5.4 Mil) to Dec. 2023 (€4.5 Mil) but then increased from Dec. 2023 (€4.5 Mil) to Mar. 2024 (€7.9 Mil).

Ramaco Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€4.1 Mil) to Dec. 2022 (€4.6 Mil) but then declined from Dec. 2022 (€4.6 Mil) to Dec. 2023 (€4.5 Mil).

Ramaco Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ramaco Resources'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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Ramaco Resources Long-Term Capital Lease Obligation Chart

Ramaco Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.07

4.64

4.51

Ramaco Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															3.72	7.66	5.40	4.51	7.86

Ramaco Resources (FRA:5R0) 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.

Ramaco Resources Long-Term Capital Lease Obligation Related Terms

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Ramaco Resources (FRA:5R0) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ramaco Resources Inc (FRA:5R0) » Definitions » Long-Term Capital Lease Obligation

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Address

250 West Main Street, Suite 1900, Lexington, KY, USA, 40507

Website

https://www.ramacoresources.com

Ramaco Resources Inc is a United States-based company engaged in operating and developing high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its only revenue-generating product is metallurgical coal which is used to make metallurgical coke. This is used as an input in the blast furnace steel-making process. The company's customer base encompasses U.S.-based blast furnace steel mills and U.S.-based coke plants, as well as international metallurgical coal consumers. Ramaco's portfolio comprises of the Elk Creek, Berwind, RAM Mine, and Knox Creek projects.

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