Red Pine Exploration (TSXV:RPX) Long-Term Capital Lease Obligation : C$0.11 Mil (As of Jan. 2024)

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What is Red Pine Exploration Long-Term Capital Lease Obligation?

Red Pine Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.11 Mil.

Red Pine Exploration's quarterly Long-Term Capital Lease Obligation stayed the same from Jul. 2023 (C$0.00 Mil) to Oct. 2023 (C$0.00 Mil) but then increased from Oct. 2023 (C$0.00 Mil) to Jan. 2024 (C$0.11 Mil).

Red Pine Exploration's annual Long-Term Capital Lease Obligation declined from Jul. 2021 (C$0.11 Mil) to Jul. 2022 (C$0.00 Mil) but then stayed the same from Jul. 2022 (C$0.00 Mil) to Jul. 2023 (C$0.00 Mil).

Red Pine Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Red Pine 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.

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Red Pine Exploration Long-Term Capital Lease Obligation Chart

Red Pine Exploration Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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0.02

0.23

0.11

Red Pine Exploration 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															-	-	-	-	0.11

Red Pine Exploration (TSXV:RPX) 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.

Red Pine Exploration Long-Term Capital Lease Obligation Related Terms

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Red Pine Exploration (TSXV:RPX) Business Description

Industry

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

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Traded in Other Exchanges

RDEXF:USA RPX:Germany

Address

145 Wellington Street West, Suite 1001, Toronto, ON, CAN, M5J 1H8

Website

https://www.redpineexp.com

Red Pine Exploration Inc is a Canadian precious metals explorer company. It is involved in the identification, acquisition, and development of properties in Ontario, Canada. The company's flagship Wawa Gold Project is located 2km southeast of the Municipality of Wawa, in Northern Ontario. The property, comprising six thousand nine hundred and eighty six hectares, hosts several former mines with a combined historic production of One hundred twenty thousand oz gold.

Executives

Edward William Drew Anwyll

Director

Red Pine Exploration (TSXV:RPX) Headlines

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