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Minera IRL (Minera IRL) Long-Term Capital Lease Obligation : $5.99 Mil (As of Sep. 2023)


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What is Minera IRL Long-Term Capital Lease Obligation?

Minera IRL's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.99 Mil.

Minera IRL's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($1.73 Mil) to Jun. 2023 ($0.63 Mil) but then increased from Jun. 2023 ($0.63 Mil) to Sep. 2023 ($5.99 Mil).

Minera IRL's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($2.61 Mil) to Dec. 2021 ($0.72 Mil) but then increased from Dec. 2021 ($0.72 Mil) to Dec. 2022 ($3.17 Mil).


Minera IRL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Minera IRL'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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Minera IRL Long-Term Capital Lease Obligation Chart

Minera IRL Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.06 2.61 0.72 3.17

Minera IRL Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.81 3.17 1.73 0.63 5.99

Minera IRL  (OTCPK:MRLLY) 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.

Minera IRL Long-Term Capital Lease Obligation Related Terms

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Minera IRL (Minera IRL) Business Description

Industry
Traded in Other Exchanges
Address
15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB
Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.

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