Lucara Diamond (TSX:LUC) Long-Term Capital Lease Obligation : C$0.0 Mil (As of Dec. 2023)

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What is Lucara Diamond Long-Term Capital Lease Obligation?

Lucara Diamond's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.0 Mil.

Lucara Diamond Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lucara Diamond'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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Lucara Diamond Long-Term Capital Lease Obligation Chart

Lucara Diamond Annual Data

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Long-Term Capital Lease Obligation

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1.09

Lucara Diamond Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Lucara Diamond (TSX:LUC) 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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Lucara Diamond (TSX:LUC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucara Diamond Corp (TSX:LUC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LUCRF:USA LUC:Sweden LKT:Germany LUC:Botswana

Address

1250 Homer Street, 502, Vancouver, BC, CAN, V6B 2Y5

Website

http://www.lucaradiamond.com

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.

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