McEwen Mining (WBO:MUX) Long-Term Capital Lease Obligation : €0.7 Mil (As of Mar. 2024)

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What is McEwen Mining Long-Term Capital Lease Obligation?

McEwen Mining's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.7 Mil.

McEwen Mining's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€0.9 Mil) to Dec. 2023 (€0.4 Mil) but then increased from Dec. 2023 (€0.4 Mil) to Mar. 2024 (€0.7 Mil).

McEwen Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1.3 Mil) to Dec. 2022 (€1.1 Mil) and declined from Dec. 2022 (€1.1 Mil) to Dec. 2023 (€0.4 Mil).

McEwen Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for McEwen 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.

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McEwen Mining Long-Term Capital Lease Obligation Chart

McEwen Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.52

2.51

1.34

1.12

0.45

McEwen Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.90	0.83	0.89	0.45	0.74

McEwen Mining (WBO:MUX) 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.

McEwen Mining Long-Term Capital Lease Obligation Related Terms

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McEwen Mining (WBO:MUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McEwen Mining Inc (WBO:MUX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MUX:USA US8:Germany US8:Germany MUX:Canada

Address

150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9

Website

https://www.mcewenmining.com

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.