Forsys Metals (TSX:FSY) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Forsys Metals Long-Term Capital Lease Obligation?

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

Forsys Metals Long-Term Capital Lease Obligation Historical Data

The historical data trend for Forsys Metals'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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Forsys Metals Long-Term Capital Lease Obligation Chart

Forsys Metals Annual Data

Trend

Dec14

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Long-Term Capital Lease Obligation

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Forsys Metals Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Forsys Metals (TSX:FSY) 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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Forsys Metals (TSX:FSY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forsys Metals Corp (TSX:FSY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FOSYF:USA F2T:Germany

Address

20 Adelaide Street East, Suite 200, Toronto, ON, CAN, M5C 2T6

Website

https://www.forsysmetals.com

Forsys Metals Corp is involved in the business of exploring, acquiring and developing mineral properties. The group has determined that it has one operating segment, the acquisition, exploration, and development of uranium and gold mineral properties. Its principal focus is on bringing its wholly-owned Norasa Uranium Project into production. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.

Executives

Leonardo Trust

10 percent owner

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