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Argonaut Gold (FRA:A8U) Long-Term Capital Lease Obligation : €28.9 Mil (As of Dec. 2023)


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What is Argonaut Gold Long-Term Capital Lease Obligation?

Argonaut Gold's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €28.9 Mil.

Argonaut Gold's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€33.1 Mil) to Sep. 2023 (€31.3 Mil) and declined from Sep. 2023 (€31.3 Mil) to Dec. 2023 (€28.9 Mil).

Argonaut Gold's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€33.2 Mil) to Dec. 2022 (€30.3 Mil) and declined from Dec. 2022 (€30.3 Mil) to Dec. 2023 (€28.9 Mil).


Argonaut Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Argonaut Gold'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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Argonaut Gold Long-Term Capital Lease Obligation Chart

Argonaut Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 19.06 33.15 30.26 28.85

Argonaut Gold 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.26 30.52 33.08 31.27 28.85

Argonaut Gold  (FRA:A8U) 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.

Argonaut Gold Long-Term Capital Lease Obligation Related Terms

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Argonaut Gold (FRA:A8U) Business Description

Industry
Traded in Other Exchanges
Address
9600 Prototype Court, Reno, NV, USA, 89521
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

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