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Lifezone Metals (Lifezone Metals) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Lifezone Metals Long-Term Capital Lease Obligation?

Lifezone Metals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Lifezone Metals's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($1.11 Mil) to Dec. 2023 ($1.19 Mil) but then declined from Dec. 2023 ($1.19 Mil) to Mar. 2024 ($0.00 Mil).

Lifezone Metals's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.29 Mil) and increased from Dec. 2022 ($0.29 Mil) to Dec. 2023 ($1.19 Mil).

Lifezone Metals Long-Term Capital Lease Obligation Historical Data

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

Lifezone Metals Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- - 0.29 1.19

Lifezone Metals Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.37 0.35 1.11 1.19 -

Lifezone Metals  (NYSE:LZM) 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.

Lifezone Metals Long-Term Capital Lease Obligation Related Terms

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Lifezone Metals (Lifezone Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lifezone Metals Ltd (NYSE:LZM) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
1 Bowring Road, Commerce House, Ramsey, IMN, IM8 2TF
Website
https://www.lifezonemetals.com
Lifezone Metals Ltd is a modern pre-development exploration-stage metals company. Its business consists of two segments namely metals extraction and refining business and intellectual property licensing business.