Collective Mining (TSX:CNL) Long-Term Capital Lease Obligation : C$0.21 Mil (As of Mar. 2024)

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What is Collective Mining Long-Term Capital Lease Obligation?

Collective Mining's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.21 Mil.

Collective Mining's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.02 Mil) to Dec. 2023 (C$0.12 Mil) and increased from Dec. 2023 (C$0.12 Mil) to Mar. 2024 (C$0.21 Mil).

Collective Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.08 Mil) to Dec. 2022 (C$0.06 Mil) but then increased from Dec. 2022 (C$0.06 Mil) to Dec. 2023 (C$0.12 Mil).

Collective Mining Long-Term Capital Lease Obligation Historical Data

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

Collective Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.13

0.08

0.06

0.12

Collective Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										0.06	0.05	0.02	0.12	0.21

Collective Mining (TSX:CNL) 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.

Collective Mining Long-Term Capital Lease Obligation Related Terms

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Collective Mining (TSX:CNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Collective Mining Ltd (TSX:CNL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CNLMF:USA

Address

82 Richmond Street East, 4th Floor, Toronto, ON, CAN, M5C 1P1

Website

https://www.collectivemining.com

Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has 100% interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia. Drilling is underway at the Guayabales project which is strategically located contiguous to the Marmato deposit, with initial assay results ongoing.

Executives

Paul Murphy

Director