Inca One Gold (TSXV:INCA) Long-Term Capital Lease Obligation : C$1.10 Mil (As of Jan. 2024)

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What is Inca One Gold Long-Term Capital Lease Obligation?

Inca One Gold's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$1.10 Mil.

Inca One Gold's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (C$0.11 Mil) to Oct. 2023 (C$0.51 Mil) and increased from Oct. 2023 (C$0.51 Mil) to Jan. 2024 (C$1.10 Mil).

Inca One Gold's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (C$0.00 Mil) to Apr. 2022 (C$0.18 Mil) but then declined from Apr. 2022 (C$0.18 Mil) to Apr. 2023 (C$0.13 Mil).

Inca One Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Inca One Gold'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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Inca One Gold Long-Term Capital Lease Obligation Chart

Inca One Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

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Apr20

Apr21

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Apr23

Long-Term Capital Lease Obligation

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0.18

0.13

Inca One Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.15	0.13	0.11	0.51	1.10

Inca One Gold (TSXV:INCA) 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.

Inca One Gold Long-Term Capital Lease Obligation Related Terms

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Inca One Gold (TSXV:INCA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inca One Gold Corp (TSXV:INCA) » Definitions » Long-Term Capital Lease Obligation

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INCAF:USA SU92:Germany

Address

1140 West Pender Street, Suite 850, Vancouver, BC, CAN, V6E 4G1

Website

https://www.incaone.com

Inca One Gold Corp is a mineral resource company and mineral processing company. It is engaged in the business of developing gold-bearing mineral processing operations in Peru. Its activities consist of the production of gold and silver from the processing of purchased minerals. It provides its service basically to small-scale miners. It's Chala One milling facility located in Chala, Southern Peru. The Koricancha ore processing facility located in Peru. The company operates through a gold milling facility and generates revenue from the same.

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