Atha Energy (TSXV:SASK) Long-Term Capital Lease Obligation : C$0.24 Mil (As of Mar. 2024)

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What is Atha Energy Long-Term Capital Lease Obligation?

Atha Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.24 Mil.

Atha Energy's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (C$0.00 Mil) to Dec. 2023 (C$0.00 Mil) but then increased from Dec. 2023 (C$0.00 Mil) to Mar. 2024 (C$0.24 Mil).

Atha Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Atha Energy'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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Atha Energy Long-Term Capital Lease Obligation Chart

Atha Energy Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Atha Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	-	0.24

Atha Energy (TSXV:SASK) 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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Atha Energy (TSXV:SASK) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Atha Energy Corp (TSXV:SASK) » Definitions » Long-Term Capital Lease Obligation

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SASKF:USA X5U:Germany

Address

1250 - 1066 Hastings St. W, Vancouver, BC, CAN, V6E 3X1

Website

https://www.athaenergy.com

Atha Energy Corp. is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. The company has the option to acquire a 100% interest and title to the Golden Rose property located in Northeastern Ontario and has signed an agreement to acquire significant acreage in Saskatchewan and Alberta.

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