Entree Resources (TSX:ETG) Long-Term Capital Lease Obligation : C$0.45 Mil (As of Mar. 2024)

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What is Entree Resources Long-Term Capital Lease Obligation?

Entree Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.45 Mil.

Entree Resources's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.51 Mil) to Dec. 2023 (C$0.48 Mil) and declined from Dec. 2023 (C$0.48 Mil) to Mar. 2024 (C$0.45 Mil).

Entree Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.61 Mil) but then declined from Dec. 2022 (C$0.61 Mil) to Dec. 2023 (C$0.48 Mil).

Entree Resources Long-Term Capital Lease Obligation Historical Data

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

Entree Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.27

0.13

0.61

0.48

Entree 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															0.58	0.55	0.51	0.48	0.45

Entree Resources (TSX:ETG) 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.

Entree Resources Long-Term Capital Lease Obligation Related Terms

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Entree Resources (TSX:ETG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Entree Resources Ltd (TSX:ETG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ERLFF:USA 2EE:Germany

Address

1066 West Hastings Street, Oceanic Plaza, Suite 1650, Vancouver, BC, CAN, V6E 3X1

Website

https://www.entreeresourcesltd.com

Entree Resources Ltd is a Canadian mining company that owns a joint venture interest in a significant portion of the copper-gold-molybdenum deposit - the Oyu Tolgoi project in Mongolia. The company's interest in the Entree/Oyu Tolgoi joint venture has the characteristics of royalty, with the benefits of a producer. Entree's good financial position and high-quality asset portfolio provide a solid foundation and flexibility for growth.

Entree Resources (TSX:ETG) Headlines

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