Gold Mountain Mining (TSX:GMTN) Long-Term Capital Lease Obligation : C$0.13 Mil (As of Jan. 2024)

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What is Gold Mountain Mining Long-Term Capital Lease Obligation?

Gold Mountain Mining's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.13 Mil.

Gold Mountain Mining's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (C$0.19 Mil) to Oct. 2023 (C$0.16 Mil) and declined from Oct. 2023 (C$0.16 Mil) to Jan. 2024 (C$0.13 Mil).

Gold Mountain Mining's annual Long-Term Capital Lease Obligation declined from Jan. 2022 (C$0.06 Mil) to Jan. 2023 (C$0.04 Mil) but then increased from Jan. 2023 (C$0.04 Mil) to Jan. 2024 (C$0.13 Mil).

Gold Mountain Mining Long-Term Capital Lease Obligation Historical Data

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

Gold Mountain Mining Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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0.06

0.04

0.13

Gold Mountain Mining Quarterly Data
	Jan19	Jan20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										0.04	0.28	0.19	0.16	0.13

Gold Mountain Mining (TSX:GMTN) 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.

Gold Mountain Mining Long-Term Capital Lease Obligation Related Terms

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Gold Mountain Mining (TSX:GMTN) Business Description

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

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GMTNF:USA 5XFA:Germany

Address

1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1

Website

https://www.gold-mountain.ca

Gold Mountain Mining Corp is a gold and silver exploration and development company. It focuses on the expansion of the resource at the Elk Gold Project, a past-producing mine located 57 km from Merritt in South Central British Columbia. It operates in a single segment, being the production of crushed ore and mineral exploration and development of resources.

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