Azimut Exploration (TSXV:AZM) Long-Term Capital Lease Obligation : C$0.02 Mil (As of Feb. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Azimut Exploration Long-Term Capital Lease Obligation?

Azimut Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.02 Mil.

Azimut Exploration's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (C$0.05 Mil) to Nov. 2023 (C$0.04 Mil) and declined from Nov. 2023 (C$0.04 Mil) to Feb. 2024 (C$0.02 Mil).

Azimut Exploration's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (C$0.07 Mil) to Aug. 2022 (C$0.04 Mil) but then increased from Aug. 2022 (C$0.04 Mil) to Aug. 2023 (C$0.05 Mil).

Azimut Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Azimut Exploration'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.

* Premium members only.

Azimut Exploration Long-Term Capital Lease Obligation Chart

Azimut Exploration Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.12

0.07

0.04

0.05

Azimut Exploration Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.05	0.04	0.02

Azimut Exploration (TSXV:AZM) 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.

Azimut Exploration Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Azimut Exploration's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Azimut Exploration (TSXV:AZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Azimut Exploration Inc (TSXV:AZM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AZMTF:USA

Address

110 Rue De La Barre, Bureau 224, Longueuil, QC, CAN, J4K 1A3

Website

http://www.azimut-exploration.com

Azimut Exploration Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its projects include Elmer property, JB lithium propety, Wabamisk property, Chromaska property and others in the James Bay region and Rex-Duquet, Nantais, Doran property and others in the Nunavik region of Quebec. It mainly explores gold, nickel, lithium, chromium and other minerals and metals.

Executives

Jonathan Rosset	Senior Officer
Christiane Bergevin	Director

Azimut Exploration (TSXV:AZM) Headlines

No Headlines