First Quantum Minerals (FRA:IZ1) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is First Quantum Minerals Long-Term Capital Lease Obligation?

First Quantum Minerals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

First Quantum Minerals Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Quantum Minerals'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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First Quantum Minerals Long-Term Capital Lease Obligation Chart

First Quantum Minerals Annual Data

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Long-Term Capital Lease Obligation

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First Quantum Minerals Quarterly Data
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First Quantum Minerals (FRA:IZ1) 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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First Quantum Minerals (FRA:IZ1) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (FRA:IZ1) » Definitions » Long-Term Capital Lease Obligation

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FQVLF:USA FM:Canada

Address

330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8

Website

https://www.first-quantum.com

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia and Mauritania. The Company's reportable operating segments are Cobre Panama, Kansanshi, Trident and Ravensthorpe. Majority of the revenue is generated from Cobre Panama.

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