Strathmore Plus Uranium (TSXV:SUU) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)

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What is Strathmore Plus Uranium Long-Term Capital Lease Obligation?

Strathmore Plus Uranium's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.

Strathmore Plus Uranium Long-Term Capital Lease Obligation Historical Data

The historical data trend for Strathmore Plus Uranium'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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Strathmore Plus Uranium Long-Term Capital Lease Obligation Chart

Strathmore Plus Uranium Annual Data

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Long-Term Capital Lease Obligation

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Strathmore Plus Uranium Quarterly Data
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Strathmore Plus Uranium (TSXV:SUU) 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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Strathmore Plus Uranium (TSXV:SUU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Strathmore Plus Uranium Corp (TSXV:SUU) » Definitions » Long-Term Capital Lease Obligation

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SUUFF:USA TO3:Germany

Address

1620 Dickson Ave, Suite 750, Kelowna, BC, CAN, V1Y 9Y2

Website

https://www.strathmoreplus.com

Strathmore Plus Uranium Corp is uranium explorer based company. The Company operates in one business segment, the exploration, development and evaluation of the projects located in the State of Wyoming.

Executives

Jordan Potts	Director
Devinder Randhawa	Senior Officer

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