Mason Resources (Mason Resources) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Mason Resources Long-Term Capital Lease Obligation?

Mason Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Mason Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mason Resources'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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Mason Resources Long-Term Capital Lease Obligation Chart

Mason Resources Annual Data

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Long-Term Capital Lease Obligation

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Mason Resources Quarterly Data
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Mason Resources (OTCPK:MGPHF) 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.

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Mason Resources (Mason Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mason Resources Inc (OTCPK:MGPHF) » Definitions » Long-Term Capital Lease Obligation

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UD9:Germany LLG:Canada

Address

120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, H7T 2P5

Website

https://www.masonresourcesinc.com

Mason Resources Inc is a Canadian company focused on identifying, evaluating, and pursuing business investment opportunities to enhance shareholder's long-term value. Its strategy is to develop vertical and horizontal integration in the mining industry, with a special focus on industrial and specialty minerals, notably battery-related materials and their by-products. Its strategy also includes the development of value-added products, notably for green technologies.