Standard Lithium (TSXV:SLI) Long-Term Capital Lease Obligation : C$0.51 Mil (As of Mar. 2024)

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What is Standard Lithium Long-Term Capital Lease Obligation?

Standard Lithium's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.51 Mil.

Standard Lithium's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.65 Mil) to Dec. 2023 (C$0.61 Mil) and declined from Dec. 2023 (C$0.61 Mil) to Mar. 2024 (C$0.51 Mil).

Standard Lithium's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (C$0.00 Mil) to Jun. 2022 (C$0.21 Mil) and increased from Jun. 2022 (C$0.21 Mil) to Jun. 2023 (C$0.74 Mil).

Standard Lithium Long-Term Capital Lease Obligation Historical Data

The historical data trend for Standard Lithium'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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Standard Lithium Long-Term Capital Lease Obligation Chart

Standard Lithium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.21

0.74

Standard Lithium 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															0.71	0.74	0.65	0.61	0.51

Standard Lithium (TSXV:SLI) 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.

Standard Lithium Long-Term Capital Lease Obligation Related Terms

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Standard Lithium (TSXV:SLI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SLI:USA S5L:Germany S5L:Germany

Address

1075 West Georgia Street, Suite 1625, Vancouver, BC, CAN, V6E 3C9

Website

https://www.standardlithium.com

Standard Lithium Corp is engaged in the exploration and development of lithium brine properties in the United States. The Company is focused on the exploration and development of the Arkansas Lithium Project is located in south-central Arkansas. Its other projects comprise of Lanxess Project, Tetra project, and Bristol Dry Lake Project.

Executives

Robert Melvin Douglas Cross

Director