Wallbridge Mining Co (TSX:WM) Long-Term Capital Lease Obligation : C$0.02 Mil (As of Dec. 2023)

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What is Wallbridge Mining Co Long-Term Capital Lease Obligation?

Wallbridge Mining Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.02 Mil.

Wallbridge Mining Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.02 Mil) to Sep. 2023 (C$0.02 Mil) but then stayed the same from Sep. 2023 (C$0.02 Mil) to Dec. 2023 (C$0.02 Mil).

Wallbridge Mining Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.03 Mil) but then declined from Dec. 2022 (C$0.03 Mil) to Dec. 2023 (C$0.02 Mil).

Wallbridge Mining Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wallbridge Mining Co'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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Wallbridge Mining Co Long-Term Capital Lease Obligation Chart

Wallbridge Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.17

0.10

0.03

0.02

Wallbridge Mining Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.03	0.02	0.02	0.02	0.02

Wallbridge Mining Co (TSX:WM) 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.

Wallbridge Mining Co Long-Term Capital Lease Obligation Related Terms

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Wallbridge Mining Co (TSX:WM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wallbridge Mining Co Ltd (TSX:WM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WLBMF:USA WC7:Germany

Address

129 Fielding Road, Lively, Greater Sudbury, ON, CAN, P3Y 1L7

Website

https://www.wallbridgemining.com

Wallbridge Mining Co Ltd is engaged in the acquisition, discovery, development, and production of metals focusing on gold, copper, nickel, and platinum group metals. The company owns Sudbury Projects, Quebec Projects, and Equity Investments. Wallbridge is engaged in creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates.