Metals Acquisition (ASX:MAC) Long-Term Capital Lease Obligation : A$0.0 Mil (As of Mar. 2023)

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What is Metals Acquisition Long-Term Capital Lease Obligation?

Metals Acquisition's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was A$0.0 Mil.

Metals Acquisition's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (A$0.0 Mil) to Dec. 2022 (A$0.0 Mil) but then increased from Dec. 2022 (A$0.0 Mil) to Dec. 2023 (A$14.9 Mil).

Metals Acquisition Long-Term Capital Lease Obligation Historical Data

The historical data trend for Metals Acquisition'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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Metals Acquisition Long-Term Capital Lease Obligation Chart

Metals Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

14.88

Metals Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	-	-	-	14.88

Metals Acquisition (ASX:MAC) 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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Metals Acquisition (ASX:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Acquisition Ltd (ASX:MAC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MTAL:USA

Address

44 Esplanade, 3rd Floor, Saint Helier, JEY, JE4 9WG

Website

https://www.metalsacquisition.com

Metals Acquisition Ltd is a company focused on operating and acquiring metals and mining businesses in high-quality, stable jurisdictions that are critical in the electrification and decarbonization of the economy. It works in a single segment: the mining and production of copper and silver from the CSA Mine.