Goldshore Resources (TSXV:GSHR) Long-Term Capital Lease Obligation : C$0.18 Mil (As of Mar. 2024)

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What is Goldshore Resources Long-Term Capital Lease Obligation?

Goldshore Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.18 Mil.

Goldshore Resources's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.21 Mil) to Dec. 2023 (C$0.00 Mil) but then increased from Dec. 2023 (C$0.00 Mil) to Mar. 2024 (C$0.18 Mil).

Goldshore Resources's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (C$0.00 Mil) to Mar. 2022 (C$0.23 Mil) and increased from Mar. 2022 (C$0.23 Mil) to Mar. 2023 (C$0.24 Mil).

Goldshore Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Goldshore Resources'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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Goldshore Resources Long-Term Capital Lease Obligation Chart

Goldshore Resources Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

0.23

0.24

Goldshore Resources Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.25	0.24	0.21	-	0.18

Goldshore Resources (TSXV:GSHR) 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.

Goldshore Resources Long-Term Capital Lease Obligation Related Terms

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Goldshore Resources (TSXV:GSHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldshore Resources Inc (TSXV:GSHR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GSHRF:USA 8X00:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldshoreresources.com

Goldshore Resources Inc is a Canadian company engaged into the business of gold exploration. It's main operating segment is in Canada. The company owns the Moss Lake Gold Project located in Ontario.

Executives

Peter Alan Flindell

Senior Officer

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