Torex Gold Resources (STU:73GN) Long-Term Capital Lease Obligation : €7.6 Mil (As of Mar. 2024)

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What is Torex Gold Resources Long-Term Capital Lease Obligation?

Torex Gold Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €7.6 Mil.

Torex Gold Resources's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€1.4 Mil) to Dec. 2023 (€7.4 Mil) and increased from Dec. 2023 (€7.4 Mil) to Mar. 2024 (€7.6 Mil).

Torex Gold Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1.1 Mil) to Dec. 2022 (€1.2 Mil) and increased from Dec. 2022 (€1.2 Mil) to Dec. 2023 (€7.4 Mil).

Torex Gold Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Torex Gold 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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Torex Gold Resources Long-Term Capital Lease Obligation Chart

Torex Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.97

1.06

1.23

7.43

Torex Gold 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															0.75	1.66	1.41	7.43	7.64

Torex Gold Resources (STU:73GN) 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.

Torex Gold Resources Long-Term Capital Lease Obligation Related Terms

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Torex Gold Resources (STU:73GN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torex Gold Resources Inc (STU:73GN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TORXF:USA 73GN:Germany TXG:Canada

Address

Exchange Tower, 130 King Street West, Suite 740, Toronto, ON, CAN, M5X 2A2

Website

https://www.torexgold.com

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project.

Torex Gold Resources (STU:73GN) Headlines

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