Mako Mining (TSXV:MKO) Long-Term Capital Lease Obligation : C$0.20 Mil (As of Mar. 2024)

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What is Mako Mining Long-Term Capital Lease Obligation?

Mako Mining's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.20 Mil.

Mako Mining's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.26 Mil) to Dec. 2023 (C$0.23 Mil) and declined from Dec. 2023 (C$0.23 Mil) to Mar. 2024 (C$0.20 Mil).

Mako Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.32 Mil) but then declined from Dec. 2022 (C$0.32 Mil) to Dec. 2023 (C$0.23 Mil).

Mako Mining Long-Term Capital Lease Obligation Historical Data

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

Mako Mining Annual Data

Trend

Apr14

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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0.32

0.23

Mako Mining Quarterly Data
	Apr19	Jul19	Oct19	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															0.32	0.28	0.26	0.23	0.20

Mako Mining (TSXV:MKO) 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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Mako Mining (TSXV:MKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mako Mining Corp (TSXV:MKO) » Definitions » Long-Term Capital Lease Obligation

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MAKOF:USA GQR0:Germany

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.makominingcorp.com

Mako Mining Corp is a gold mining, development, and exploration firm. It's developing its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Its primary objective is to bring San Albino into production quickly and efficiently while continuing the exploration of prospective targets in Nicaragua.

Executives

Jesse Munoz

Director or Senior Officer of 10% Security Holder

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