Fortuna Mining (STU:F4S0) Long-Term Capital Lease Obligation : €39.5 Mil (As of Jun. 2024)

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What is Fortuna Mining Long-Term Capital Lease Obligation?

Fortuna Mining's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €39.5 Mil.

Fortuna Mining's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (€38.9 Mil) to Mar. 2024 (€36.4 Mil) but then increased from Mar. 2024 (€36.4 Mil) to Jun. 2024 (€39.5 Mil).

Fortuna Mining's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€16.7 Mil) to Dec. 2022 (€11.3 Mil) but then increased from Dec. 2022 (€11.3 Mil) to Dec. 2023 (€38.9 Mil).

Fortuna Mining Long-Term Capital Lease Obligation Historical Data

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

Fortuna Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.54

10.29

16.71

11.26

38.94

Fortuna Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															34.48	37.78	38.94	36.43	39.52

Fortuna Mining (STU:F4S0) 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.

Fortuna Mining Long-Term Capital Lease Obligation Related Terms

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Fortuna Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Mining Corp (STU:F4S0) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FSM:USA FVI:Mexico 0QYM:UK F4S0:Germany FVI:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.fortunamining.com

Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru.

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