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Key Mining (Key Mining) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Key Mining Long-Term Capital Lease Obligation?

Key Mining's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Key Mining Long-Term Capital Lease Obligation Historical Data

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

Key Mining Annual Data
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Key Mining Quarterly Data
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Key Mining  (AMEX:KMCM) 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.

Key Mining Long-Term Capital Lease Obligation Related Terms

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Key Mining (Key Mining) Business Description

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Address
701 Brickell Avenue, Suite 1550, Miami, FL, USA, 33131
Website
https://www.keyminingcorp.com
Key Mining Corp is an exploration-stage mining company focused on the development of two projects, both of which are located in the Atacama Region of the Republic of Chile. Its Cerro Blanco project is focused on exploring rutile from which high-grade titanium dioxide (TiO2) can be processed. Its Fiel Rosita project is focused on exploring copper, and to a lesser extent, zinc.

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