Southern Peru Copper - Sucursal Del Peru (LIM:SPCCPI2) Long-Term Capital Lease Obligation : S/.2,428 Mil (As of Jun. 2024)

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What is Southern Peru Copper - Sucursal Del Peru Long-Term Capital Lease Obligation?

Southern Peru Copper - Sucursal Del Peru's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was S/.2,428 Mil.

Southern Peru Copper - Sucursal Del Peru's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (S/.2,597 Mil) to Mar. 2024 (S/.2,470 Mil) and declined from Mar. 2024 (S/.2,470 Mil) to Jun. 2024 (S/.2,428 Mil).

Southern Peru Copper - Sucursal Del Peru Long-Term Capital Lease Obligation Historical Data

The historical data trend for Southern Peru Copper - Sucursal Del Peru'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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Southern Peru Copper - Sucursal Del Peru Long-Term Capital Lease Obligation Chart

Southern Peru Copper - Sucursal Del Peru Annual Data

Trend

Dec11

Dec12

Dec13

Long-Term Capital Lease Obligation

Southern Peru Copper - Sucursal Del Peru Quarterly Data
	Dec12	Dec13	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					2,747.31	2,682.67	2,596.96	2,469.86	2,427.73

Southern Peru Copper - Sucursal Del Peru (LIM:SPCCPI2) 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.

Southern Peru Copper - Sucursal Del Peru Long-Term Capital Lease Obligation Related Terms

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Southern Peru Copper - Sucursal Del Peru Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Peru Copper Corp - Sucursal Del Peru (LIM:SPCCPI2) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SPCCPI1:Peru

Address

Av. Caminos del Inca No. 171, Urb. Chacarilla del Estanque, Santiago de Surco, Lima, PER, 33

Website

https://www.southerncoppercorp.com

Southern Peru Copper Corp - Sucursal Del Peru produces copper in the Moquegua and Tacna provinces of Peru. The company mines for copper ore to produce copper concentrates and molybdenum concentrates. It has operations in North America, South America, Europe, Africa, Asia, and Australia.

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