Ascot Resources (TSX:AOT) Long-Term Capital Lease Obligation : C$9.42 Mil (As of Mar. 2024)

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What is Ascot Resources Long-Term Capital Lease Obligation?

Ascot Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$9.42 Mil.

Ascot Resources's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$2.95 Mil) to Dec. 2023 (C$6.30 Mil) and increased from Dec. 2023 (C$6.30 Mil) to Mar. 2024 (C$9.42 Mil).

Ascot Resources's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.45 Mil) to Dec. 2022 (C$0.33 Mil) but then increased from Dec. 2022 (C$0.33 Mil) to Dec. 2023 (C$6.30 Mil).

Ascot Resources Long-Term Capital Lease Obligation Historical Data

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

Ascot Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.71

0.56

0.45

0.33

6.30

Ascot Resources 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															0.28	0.39	2.95	6.30	9.42

Ascot Resources (TSX:AOT) 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.

Ascot Resources Long-Term Capital Lease Obligation Related Terms

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Ascot Resources (TSX:AOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascot Resources Ltd (TSX:AOT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AOTVF:USA BHQ:Germany

Address

1095 West Pender Street, Suite 1050, Vancouver, BC, CAN, V6E 2M6

Website

https://www.ascotgold.com

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in Washington State, USA.

Executives

John Gerard Kiernan

Senior Officer

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