Lundin Mining (TSX:LUN) Long-Term Capital Lease Obligation : C$308 Mil (As of Dec. 2023)

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What is Lundin Mining Long-Term Capital Lease Obligation?

Lundin Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$308 Mil.

Lundin Mining's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$19 Mil) to Sep. 2023 (C$306 Mil) and increased from Sep. 2023 (C$306 Mil) to Dec. 2023 (C$308 Mil).

Lundin Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0 Mil) to Dec. 2022 (C$18 Mil) and increased from Dec. 2022 (C$18 Mil) to Dec. 2023 (C$308 Mil).

Lundin Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lundin 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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Lundin Mining Long-Term Capital Lease Obligation Chart

Lundin Mining Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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18.14

307.95

Lundin 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															18.14	16.02	19.08	305.95	307.95

Lundin Mining (TSX:LUN) 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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Lundin Mining (TSX:LUN) Business Description

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

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Traded in Other Exchanges

LUNMF:USA LUMI:Sweden LUMIs:UK 0RQ9:UK GXD:Germany

Address

150 King Street West, Suite 2200, P.O. Box 38, Toronto, ON, CAN, M5H 1J9

Website

https://www.lundinmining.com

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, Eagle, and Neves-Corvo. Majority of the revenue is from Copper.

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