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Orea Mining (TSX:OREA) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2023)


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What is Orea Mining Long-Term Capital Lease Obligation?

Orea Mining's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil.

Orea Mining's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (C$0.00 Mil) to Mar. 2023 (C$0.00 Mil) but then stayed the same from Mar. 2023 (C$0.00 Mil) to Jun. 2023 (C$0.00 Mil).

Orea Mining's annual Long-Term Capital Lease Obligation declined from Sep. 2020 (C$0.03 Mil) to Sep. 2021 (C$0.03 Mil) and declined from Sep. 2021 (C$0.03 Mil) to Sep. 2022 (C$0.01 Mil).


Orea Mining Long-Term Capital Lease Obligation Historical Data

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

Orea Mining Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.03 0.03 0.01

Orea Mining Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 - - -

Orea Mining  (TSX:OREA) 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.

Orea Mining Long-Term Capital Lease Obligation Related Terms

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Orea Mining (TSX:OREA) Business Description

Industry
Traded in Other Exchanges
Address
1090 Hamilton Street, Vancouver, BC, CAN, V6B 2R9
Orea Mining Corp is a gold exploration and development company. The company's principal business activities are the exploration and development of resource properties which are located in French Guiana, France. It operates two projects namely the Maripa project and Montagne d'Or Gold deposit.
Executives
Robert Giustra Director, Senior Officer

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