Orla Mining (Orla Mining) Long-Term Capital Lease Obligation : $2.0 Mil (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Orla Mining Long-Term Capital Lease Obligation?

Orla Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.0 Mil.

Orla Mining's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($2.1 Mil) to Sep. 2023 ($2.2 Mil) but then declined from Sep. 2023 ($2.2 Mil) to Dec. 2023 ($2.0 Mil).

Orla Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1.0 Mil) to Dec. 2022 ($2.3 Mil) but then declined from Dec. 2022 ($2.3 Mil) to Dec. 2023 ($2.0 Mil).

Orla Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Orla Mining'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.

* Premium members only.

Orla Mining Long-Term Capital Lease Obligation Chart

Orla Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.04

0.14

1.03

2.33

1.99

Orla Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.33	2.23	2.07	2.17	1.99

Orla Mining (AMEX:ORLA) 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.

Orla Mining Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Orla Mining's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Orla Mining (Orla Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orla Mining Ltd (AMEX:ORLA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

O8M:Germany OLA:Canada

Address

1075 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 3C9

Website

https://www.orlamining.com

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.