MMG (MMLTF) Long-Term Capital Lease Obligation : $126 Mil (As of Dec. 2023)

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What is MMG Long-Term Capital Lease Obligation?

MMG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $126 Mil.

MMG's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($117 Mil) to Jun. 2023 ($127 Mil) but then declined from Jun. 2023 ($127 Mil) to Dec. 2023 ($126 Mil).

MMG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($113 Mil) to Dec. 2022 ($117 Mil) and increased from Dec. 2022 ($117 Mil) to Dec. 2023 ($126 Mil).

MMG Long-Term Capital Lease Obligation Historical Data

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

MMG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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138.30

128.50

112.50

117.40

125.60

MMG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															112.50	104.90	117.40	127.40	125.60

MMG (OTCPK:MMLTF) 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.

MMG Long-Term Capital Lease Obligation Related Terms

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MMG (MMLTF) Business Description

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01208:Hong Kong OMS1:Germany

Address

79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mmg.com

MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority is from the Las Bambas segment. The key revenue by metal is derived from Copper.