Nexa Resources (Nexa Resources) Long-Term Capital Lease Obligation : $7 Mil (As of Mar. 2024)

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What is Nexa Resources Long-Term Capital Lease Obligation?

Nexa Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7 Mil.

Nexa Resources's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($3 Mil) to Dec. 2023 ($5 Mil) and increased from Dec. 2023 ($5 Mil) to Mar. 2024 ($7 Mil).

Nexa Resources's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($3 Mil) to Dec. 2022 ($1 Mil) but then increased from Dec. 2022 ($1 Mil) to Dec. 2023 ($5 Mil).

Nexa Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nexa Resources'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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Nexa Resources Long-Term Capital Lease Obligation Chart

Nexa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17.91

9.69

3.39

1.36

5.45

Nexa Resources 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															1.08	0.86	3.41	5.45	6.68

Nexa Resources (NYSE:NEXA) 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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Nexa Resources (Nexa Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nexa Resources SA (NYSE:NEXA) » Definitions » Long-Term Capital Lease Obligation

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Address

37A, Avenue J.F. Kennedy, Luxembourg, LUX, L-1855

Website

https://www.nexaresources.com

Nexa Resources SA is a low-cost integrated zinc producer. It produces copper, lead, silver, and gold as byproducts. The company operates through two segments namely Mining and Smelting. Its Mining segment consists of various operating units includes mineral exploration activities and the production of zinc concentrates, copper concentrates and lead concentrates. The Smelting segment comprises operating units which include facilities recovering and refining zinc metal out of feed materials such as zinc concentrates or secondary feed materials. It generates maximum revenue from the Smelting segment. Geographically It has a presence in Brazil, Peru, the United States of America, Switzerland, Japan, Argentina, South Korea, Colombia, Vietnam, Malaysia and other countries.