Ucore Rare Metals (FRA:U9UA) Long-Term Capital Lease Obligation : €0.11 Mil (As of Dec. 2023)

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What is Ucore Rare Metals Long-Term Capital Lease Obligation?

Ucore Rare Metals's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.11 Mil.

Ucore Rare Metals's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (€0.00 Mil) to Sep. 2023 (€0.01 Mil) and increased from Sep. 2023 (€0.01 Mil) to Dec. 2023 (€0.11 Mil).

Ucore Rare Metals's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (€0.06 Mil) to Dec. 2022 (€0.06 Mil) but then increased from Dec. 2022 (€0.06 Mil) to Dec. 2023 (€0.11 Mil).

Ucore Rare Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ucore Rare 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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Ucore Rare Metals Long-Term Capital Lease Obligation Chart

Ucore Rare Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.12

0.06

0.11

Ucore Rare Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.01	0.06	-	0.01	0.11

Ucore Rare Metals (FRA:U9UA) 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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Ucore Rare Metals (FRA:U9UA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ucore Rare Metals Inc (FRA:U9UA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

UURAF:USA U9U:Germany UCU:Canada

Address

210 Waterfront Drive, Suite 106, Halifax, NS, CAN, B4A 0H3

Website

https://www.ucore.com

Ucore Rare Metals Inc is engaged in REE resource development and in commercializing, Innovation Metals Corp.'s (its wholly-owned subsidiary) critical metals separation technology, RapidSX, for the mining/metals extraction industry guided by the principles of ESG. The company provides separation and mining services. The firm is also developing its Bokan Mountain HREE resource located near Ketchikan.

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