NOA Lithium Brines (TSXV:NOAL) Long-Term Capital Lease Obligation : C$0.01 Mil (As of Mar. 2024)

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What is NOA Lithium Brines Long-Term Capital Lease Obligation?

NOA Lithium Brines's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.01 Mil.

NOA Lithium Brines's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.00 Mil) to Dec. 2023 (C$0.01 Mil) but then declined from Dec. 2023 (C$0.01 Mil) to Mar. 2024 (C$0.01 Mil).

NOA Lithium Brines's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.00 Mil) but then increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$0.01 Mil).

NOA Lithium Brines Long-Term Capital Lease Obligation Historical Data

The historical data trend for NOA Lithium Brines'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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NOA Lithium Brines Long-Term Capital Lease Obligation Chart

NOA Lithium Brines Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.01

NOA Lithium Brines Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	0.01	0.01

NOA Lithium Brines (TSXV:NOAL) 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.

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NOA Lithium Brines (TSXV:NOAL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NOA Lithium Brines Inc (TSXV:NOAL) » Definitions » Long-Term Capital Lease Obligation

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NLIBF:USA N7N:Germany

Address

639 – 5th Avenue S.W, Suite 1250, Calgary, AB, CAN, T2P 0M9

Website

https://www.noalithium.com

NOA Lithium Brines Inc is a lithium exploration and development company formed to acquire assets with resource potential. The company's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations, managed by some of the players in the lithium industry.

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