MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2021)

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What is MMX Mineracao E Metalicos Long-Term Capital Lease Obligation?

MMX Mineracao E Metalicos's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $0.00 Mil.

MMX Mineracao E Metalicos Long-Term Capital Lease Obligation Historical Data

The historical data trend for MMX Mineracao E Metalicos'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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MMX Mineracao E Metalicos Long-Term Capital Lease Obligation Chart

MMX Mineracao E Metalicos Annual Data

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Long-Term Capital Lease Obligation

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MMX Mineracao E Metalicos Quarterly Data
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MMX Mineracao E Metalicos (GREY:MMXXF) 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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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMX Mineracao E Metalicos SA (GREY:MMXXF) » Definitions » Long-Term Capital Lease Obligation

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Address

Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160

Website

http://www.mmx.com.br

MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

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