Galiano Gold (Galiano Gold) Long-Term Capital Lease Obligation : $0.08 Mil (As of Dec. 2023)

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What is Galiano Gold Long-Term Capital Lease Obligation?

Galiano Gold's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.08 Mil.

Galiano Gold's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.14 Mil) to Sep. 2023 ($0.11 Mil) and declined from Sep. 2023 ($0.11 Mil) to Dec. 2023 ($0.08 Mil).

Galiano Gold's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.31 Mil) to Dec. 2022 ($0.20 Mil) and declined from Dec. 2022 ($0.20 Mil) to Dec. 2023 ($0.08 Mil).

Galiano Gold Long-Term Capital Lease Obligation Historical Data

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

Galiano Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.51

0.42

0.31

0.20

0.08

Galiano Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.20	0.17	0.14	0.11	0.08

Galiano Gold (AMEX:GAU) 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.

Galiano Gold Long-Term Capital Lease Obligation Related Terms

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Galiano Gold (Galiano Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galiano Gold Inc (AMEX:GAU) » Definitions » Long-Term Capital Lease Obligation

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B7U:Germany GAU:Canada

Address

1066 West Hastings Street, Suite 1640, Vancouver, BC, CAN, V6E 3X1

Website

https://www.galianogold.com

Galiano Gold Inc is focused on building a sustainable business capable of long term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa. Its Asanko Gold Mine is a multi-deposit complex, with two main deposits, the Obotan Project and the Esaase Project, both located in the Amansie West District of the Republic of Ghana, West Africa.