SSR Mining (TSX:SSRM) Long-Term Capital Lease Obligation : C$115 Mil (As of Mar. 2024)

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What is SSR Mining Long-Term Capital Lease Obligation?

SSR Mining's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$115 Mil.

SSR Mining's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$134 Mil) to Dec. 2023 (C$116 Mil) and declined from Dec. 2023 (C$116 Mil) to Mar. 2024 (C$115 Mil).

SSR Mining's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$136 Mil) to Dec. 2022 (C$139 Mil) but then declined from Dec. 2022 (C$139 Mil) to Dec. 2023 (C$116 Mil).

SSR Mining Long-Term Capital Lease Obligation Historical Data

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

SSR Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.41

140.32

135.64

139.16

115.57

SSR Mining 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															138.79	133.39	134.47	115.57	115.06

SSR Mining (TSX:SSRM) 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.

SSR Mining Long-Term Capital Lease Obligation Related Terms

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SSR Mining (TSX:SSRM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SSR Mining Inc (TSX:SSRM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SSRM:USA ZSV:Germany SSR:Australia

Address

6900 E. Layton Avenue, Suite 1300, Denver, CO, USA, 80237

Website

https://www.ssrmining.com

SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a significant portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Puna mine.

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