Atlas Lithium (STU:C480) Long-Term Capital Lease Obligation : €0.30 Mil (As of Mar. 2025)

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What is Atlas Lithium Long-Term Capital Lease Obligation?

Atlas Lithium's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was €0.30 Mil.

Atlas Lithium's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (€0.38 Mil) to Dec. 2024 (€0.30 Mil) but then increased from Dec. 2024 (€0.30 Mil) to Mar. 2025 (€0.30 Mil).

Atlas Lithium's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (€0.00 Mil) to Dec. 2023 (€0.21 Mil) and increased from Dec. 2023 (€0.21 Mil) to Dec. 2024 (€0.30 Mil).

Atlas Lithium Long-Term Capital Lease Obligation Historical Data

The historical data trend for Atlas Lithium'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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Atlas Lithium Long-Term Capital Lease Obligation Chart

Atlas Lithium Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.21

0.30

Atlas Lithium Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.29	0.23	0.38	0.30	0.30

Atlas Lithium (STU:C480) 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.

Atlas Lithium Long-Term Capital Lease Obligation Related Terms

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Atlas Lithium Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Lithium Corp (STU:C480) » Definitions » Long-Term Capital Lease Obligation

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ATLX:USA

Address

Rua Antonio de Albuquerque, 156 to 17th Floor, Belo Horizonte, MG, BRA, 30.112-010

Website

https://www.atlas-lithium.com

Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain. It intends to mine and then process its lithium-containing ore to produce lithium concentrate (also known as spodumene concentrate), a key ingredient for the battery supply chain.

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