Meridian Mining UK Societas (TSX:MNO) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Meridian Mining UK Societas Long-Term Capital Lease Obligation?

Meridian Mining UK Societas's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Meridian Mining UK Societas Long-Term Capital Lease Obligation Historical Data

The historical data trend for Meridian Mining UK Societas'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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Meridian Mining UK Societas Long-Term Capital Lease Obligation Chart

Meridian Mining UK Societas Annual Data

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Long-Term Capital Lease Obligation

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Meridian Mining UK Societas Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Meridian Mining UK Societas (TSX:MNO) 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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Meridian Mining UK Societas (TSX:MNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meridian Mining UK Societas (TSX:MNO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MRRDF:USA N2E:Germany

Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.meridianmining.co

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.

Executives

William John Walker Skinner

Director

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